Toray Industries (OTCMKTS:TRYIY) Sees Strong Trading Volume – Time to Buy?

Toray Industries Inc. (OTCMKTS:TRYIY) saw unusually-high trading volume on Wednesday . Approximately 89,785 shares were traded during mid-day trading, an increase of 229% from the previous session’s volume of 27,260 shares.The stock last traded at $14.14 and had previously closed at $13.6310.

Analysts Set New Price Targets

Separately, Smbc Nikko Sec. upgraded Toray Industries to a “strong-buy” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Toray Industries currently has an average rating of “Moderate Buy”.

Toray Industries Price Performance

The business’s 50 day moving average is $15.25 and its two-hundred day moving average is $13.72. The firm has a market capitalization of $10.61 billion, a PE ratio of 36.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.16.

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

Toray Industries Company Profile

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.