Toray Industries (OTCMKTS:TRYIY) Reaches New 1-Year High – Time to Buy?

Toray Industries, Inc. (OTCMKTS:TRYIY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $13.79 and last traded at $13.52, with a volume of 14924 shares traded. The stock had previously closed at $13.36.

Toray Industries Stock Up 1.2 %

The company has a market capitalization of $10.83 billion, a PE ratio of 34.26 and a beta of 0.76. The company’s 50 day moving average is $12.63 and its two-hundred day moving average is $11.30.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter. Toray Industries had a return on equity of 2.50% and a net margin of 1.87%. The firm had revenue of $4.41 billion during the quarter. Analysts forecast that Toray Industries, Inc. will post 0.72 EPS for the current year.

About Toray Industries

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. 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-fine fibers; and apparel products.