Toray Industries (OTCMKTS:TRYIY) Announces Earnings Results

Toray Industries (OTCMKTS:TRYIY) announced its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17), reports. Toray Industries had a return on equity of 3.26% and a net margin of 2.38%.The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.20 billion.

Toray Industries Stock Performance

Shares of OTCMKTS TRYIY traded up $0.33 during midday trading on Tuesday, reaching $16.52. 18,449 shares of the company were exchanged, compared to its average volume of 19,057. The stock has a market cap of $12.43 billion, a P/E ratio of 31.77 and a beta of 0.43. Toray Industries has a 1 year low of $11.70 and a 1 year high of $16.52. The stock has a fifty day simple moving average of $13.81 and a 200 day simple moving average of $13.27. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

About Toray Industries

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.