Toray Industries (OTCMKTS:TRYIY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) saw strong trading volume on Tuesday . 95,273 shares changed hands during mid-day trading, an increase of 289% from the previous session’s volume of 24,521 shares.The stock last traded at $13.2550 and had previously closed at $13.45.

Toray Industries Trading Down 0.2%

The stock has a market capitalization of $9.79 billion, a PE ratio of 25.04 and a beta of 0.43. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $12.61 and a 200-day moving average price of $13.12.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.26%. As a group, equities analysts forecast that Toray Industries Inc. will post 0.73 EPS for the current fiscal 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.