Toray Industries (OTCMKTS:TRYIY) Stock Price Down 5.3% – Here’s What Happened

Toray Industries Inc. (OTCMKTS:TRYIY)’s share price traded down 5.3% during mid-day trading on Friday . The stock traded as low as $12.57 and last traded at $12.57. 202 shares changed hands during trading, a decline of 99% from the average session volume of 24,845 shares. The stock had previously closed at $13.28.

Toray Industries Stock Down 1.0%

The firm’s fifty day simple moving average is $12.71 and its two-hundred day simple moving average is $13.09. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 25.08 and a beta of 0.43.

Toray Industries (OTCMKTS:TRYIY) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Toray Industries had a net margin of 2.38% and a return on equity of 3.26%. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Sell-side analysts anticipate that Toray Industries Inc. will post 0.73 EPS for the current year.

Toray Industries Company Profile

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.