Toray Industries (OTCMKTS:TRYIY) Sets New 1-Year High – Should You Buy?

Toray Industries, Inc. (OTCMKTS:TRYIY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $14.18 and last traded at $14.09, with a volume of 16640 shares. The stock had previously closed at $13.56.

Toray Industries Trading Down 0.5 %

The company has a 50 day moving average of $13.03 and a 200-day moving average of $11.60. The firm has a market capitalization of $11.35 billion, a P/E ratio of 36.33 and a beta of 0.77.

Toray Industries (OTCMKTS:TRYIY) last announced its earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter. Toray Industries had a net margin of 1.87% and a return on equity of 2.50%. The company had revenue of $4.41 billion during the quarter. As a group, sell-side analysts forecast that Toray Industries, Inc. will post 0.72 EPS for the current fiscal 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.