TOYO (NASDAQ:TOYO – Get Free Report) posted its earnings results on Monday. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03, Zacks reports.
TOYO Price Performance
Shares of NASDAQ:TOYO opened at $12.67 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.31 and a current ratio of 0.58. TOYO has a 52-week low of $3.24 and a 52-week high of $14.33. The stock’s fifty day simple moving average is $10.21 and its 200-day simple moving average is $8.14.
Analysts Set New Price Targets
A number of analysts have commented on TOYO shares. Weiss Ratings upgraded TOYO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded TOYO from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Finally, Roth Mkm started coverage on TOYO in a research report on Thursday, April 2nd. They issued a “buy” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.50.
Institutional Trading of TOYO
A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC grew its stake in TOYO Co., Ltd. (NASDAQ:TOYO – Free Report) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,250 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of TOYO worth $166,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.
About TOYO
TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.
Further Reading
- Five stocks we like better than TOYO
- Datadog Soars, Dynatrace Slumps: Gap Widens in AI Agent Stocks
- As U.S. Debt Surpasses GDP, These 2 ETFs Are Emerging Winners in the “Sell America” Trade
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
Receive News & Ratings for TOYO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TOYO and related companies with MarketBeat.com's FREE daily email newsletter.
