TOYO (NASDAQ:TOYO) Upgraded by Wall Street Zen to Hold Rating

TOYO (NASDAQ:TOYO) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Other research analysts have also issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of TOYO in a research note on Wednesday, January 21st. Zacks Research raised shares of TOYO to a “hold” rating in a research note on Friday, January 16th. Finally, HC Wainwright assumed coverage on TOYO in a research note on Thursday, January 15th. They issued a “buy” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, TOYO has an average rating of “Hold” and an average target price of $18.00.

TOYO Stock Performance

Shares of TOYO opened at $7.62 on Friday. The business’s 50-day moving average is $7.04 and its 200-day moving average is $6.51. The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. TOYO has a fifty-two week low of $2.57 and a fifty-two week high of $10.21.

Institutional Trading of TOYO

An institutional investor recently raised its position in TOYO stock. Renaissance Technologies LLC increased its position in TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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. Institutional investors and hedge funds own 84.61% of the company’s stock.

TOYO Company Profile

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.