Toray Industries (OTCMKTS:TRYIY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.59 and traded as low as $14.55. Toray Industries shares last traded at $14.62, with a volume of 30,385 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Toray Industries to a “hold” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Toray Industries Price Performance

The business has a 50-day simple moving average of $14.30 and a 200 day simple moving average of $14.61. The stock has a market cap of $12.31 billion, a P/E ratio of 23.37 and a beta of 0.50. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter. Toray Industries had a return on equity of 4.22% and a net margin of 3.06%. On average, analysts forecast that Toray Industries Inc. will post 0.79 earnings per share for the current year.

About Toray Industries

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.