Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – Time to Sell?

Toyota Industries Co. (OTCMKTS:TYIDY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $127.00, but opened at $120.15. Toyota Industries shares last traded at $128.00, with a volume of 346 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Toyota Industries to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Toyota Industries has an average rating of “Hold”.

Toyota Industries Stock Performance

The stock has a fifty day simple moving average of $126.59 and a 200-day simple moving average of $123.80. The stock has a market cap of $38.46 billion and a P/E ratio of 0.37.

About Toyota Industries

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.