Toray Industries (OTCMKTS:TRYIY) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.18 and traded as high as $14.09. Toray Industries shares last traded at $14.0022, with a volume of 13,857 shares traded.

Toray Industries Trading Down 2.6%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.83. The stock has a market cap of $10.53 billion, a P/E ratio of 26.93 and a beta of 0.41. The company has a 50-day simple moving average of $13.18 and a 200-day simple moving average of $13.11.

Toray Industries (OTCMKTS:TRYIY) last announced its 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 business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.49 billion. On average, sell-side analysts forecast that Toray Industries Inc. will post 0.73 EPS for the current fiscal 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.