Toray Industries (OTCMKTS:TRYIY) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $15.00 and traded as low as $14.74. Toray Industries shares last traded at $14.82, with a volume of 26,121 shares traded.

Toray Industries Price Performance

The stock has a market cap of $11.15 billion, a PE ratio of 18.07 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.19. The business has a fifty day moving average of $15.72 and a 200 day moving average of $15.00.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data 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. Toray Industries had a return on equity of 4.84% and a net margin of 3.48%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.03 billion. Sell-side analysts anticipate that Toray Industries Inc. will post 0.79 earnings per share for the current year.

Toray Industries Company Profile

Toray Industries, Inc is a Japan-based diversified chemical company that develops and manufactures advanced materials and related products. Founded in 1926 and headquartered in Tokyo, Toray began as a producer of rayon and has expanded into a global materials group serving industrial, commercial and consumer markets.

The company’s businesses include fibers and textiles, performance chemicals, carbon fiber and composite materials, films, resins, electronic materials, water treatment membranes and other environmental solutions.