Toyota Industries (OTCMKTS:TYIDY) Upgraded at Zacks Research

Zacks Research upgraded shares of Toyota Industries (OTCMKTS:TYIDY) to a hold rating in a report issued on Monday,Zacks.com reports.

Toyota Industries Price Performance

OTCMKTS TYIDY opened at $125.56 on Monday. Toyota Industries has a 1-year low of $84.12 and a 1-year high of $136.11. The business’s 50-day simple moving average is $128.71 and its 200-day simple moving average is $119.38. The firm has a market capitalization of $37.73 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.