Toray Industries (OTCMKTS:TRYIY) Sees Strong Trading Volume – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY) shares saw strong trading volume on Tuesday . 51,863 shares were traded during mid-day trading, an increase of 111% from the previous session’s volume of 24,561 shares.The stock last traded at $12.87 and had previously closed at $12.96.

Toray Industries Stock Performance

The firm’s 50 day moving average price is $12.60 and its two-hundred day moving average price is $13.17. The firm has a market cap of $10.27 billion, a PE ratio of 24.65 and a beta of 0.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.07 and a current ratio of 1.69.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings data on Friday, November 14th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.28%. On average, research analysts forecast that Toray Industries Inc. will post 0.73 earnings per share for the current year.

Toray Industries Company Profile

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.