Shares of Toray Industries Inc. (OTCMKTS:TRYIY – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $15.10, but opened at $16.32. Toray Industries shares last traded at $16.32, with a volume of 145 shares trading hands.
Toray Industries Trading Up 5.0%
The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 20.25 and a beta of 0.54. The company’s 50-day moving average is $15.64 and its 200-day moving average is $15.03. The company has a quick ratio of 1.19, a current ratio of 1.87 and a debt-to-equity ratio of 0.27.
About Toray Industries
Toray Industries is a Japanese materials and chemicals company with operations spanning fibers and textiles, performance chemicals, carbon-fiber composite materials, environmental solutions, and life sciences. Its products include synthetic fibers and fabrics, plastics and films, carbon fiber, and water-treatment membranes.
Founded in 1926 as Toyo Rayon, the company initially focused on rayon and later expanded into a broad range of advanced materials and technologies. It adopted the name Toray Industries in 1970.
Headquartered in Tokyo, Toray serves customers around the world through operations in Japan and other regions.
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