Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – Time to Sell?

Toray Industries Inc. (OTCMKTS:TRYIY) gapped down before the market opened on Tuesday . The stock had previously closed at $16.18, but opened at $15.4136. Toray Industries shares last traded at $15.4136, with a volume of 766 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Toray Industries Stock Down 0.8%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.87. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 19.24 and a beta of 0.51. The firm’s 50-day simple moving average is $15.42 and its two-hundred day simple moving average is $14.75.

Toray Industries (OTCMKTS:TRYIY) last announced its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.03 billion. On average, sell-side analysts expect that Toray Industries Inc. will post 0.79 EPS for the current fiscal year.

Toray Industries Company Profile

Toray Industries, Inc is a Japanese chemicals and advanced materials company founded in 1926. The company develops and manufactures products based on polymer chemistry, organic synthesis, biotechnology and nanotechnology for industrial and consumer applications.

Its businesses include synthetic fibers and textiles, engineering plastics, resin products, films, chemicals, carbon fiber and carbon-fiber composite materials, as well as electronic and information-related materials. Toray also provides water-treatment products, including reverse-osmosis membranes and other separation technologies, and develops pharmaceutical and medical products.

Toray serves customers in industries such as aerospace, automotive, electronics, construction, energy, healthcare and apparel.