Toray Industries (OTCMKTS:TRYIY) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Toray Industries Inc. (OTCMKTS:TRYIY) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.93 and traded as high as $16.21. Toray Industries shares last traded at $16.16, with a volume of 20,745 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Toray Industries presently has a consensus rating of “Buy”.

Toray Industries Price Performance

The company’s 50-day simple moving average is $14.95 and its 200 day simple moving average is $14.80. The company has a market capitalization of $11.82 billion, a P/E ratio of 19.16 and a beta of 0.50. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.27.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.03 billion. Toray Industries had a net margin of 3.48% and a return on equity of 4.82%. As a group, sell-side analysts expect that Toray Industries Inc. will post 0.79 earnings per share for the current fiscal 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.