TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) Share Price Crosses Below 50 Day Moving Average of $14.20

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TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.20 and traded as low as $14.37. TORAY INDUSTRIE/ADR shares last traded at $14.56, with a volume of 16,053 shares trading hands.

Separately, Zacks Investment Research upgraded TORAY INDUSTRIE/ADR from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, June 20th.

The company has a market capitalization of $11.71 billion, a PE ratio of 16.36, a PEG ratio of 2.62 and a beta of 0.39. The company has a 50 day moving average of $14.19 and a two-hundred day moving average of $13.92.

TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $4.61 billion. TORAY INDUSTRIE/ADR had a return on equity of 8.15% and a net margin of 3.32%. As a group, sell-side analysts predict that TORAY INDUSTRIE/ADR will post 1.06 EPS for the current fiscal year.

TORAY INDUSTRIE/ADR Company Profile (OTCMKTS:TRYIY)

Toray Industries, Inc manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-microfiber non-woven fabric with suede-texture; and apparel products.

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