Toray Industries (OTCMKTS:TRYIY) Upgraded at Smbc Nikko Sec.

Smbc Nikko Sec. upgraded shares of Toray Industries (OTCMKTS:TRYIY) to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Toray Industries Price Performance

Toray Industries stock opened at $16.84 on Tuesday. Toray Industries has a 52-week low of $11.70 and a 52-week high of $17.02. The company’s 50 day moving average is $14.40 and its two-hundred day moving average is $13.42. The company has a quick ratio of 1.15, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The firm has a market cap of $12.67 billion, a PE ratio of 43.18 and a beta of 0.43.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.17). Toray Industries had a return on equity of 2.38% and a net margin of 1.71%.The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.20 billion. Toray Industries has set its FY 2025 guidance at 0.707-0.707 EPS. On average, research analysts expect that Toray Industries will post 0.73 EPS for the current fiscal year.

About Toray Industries

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.