Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – What’s Next?

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) gapped down prior to trading on Friday . The stock had previously closed at $16.97, but opened at $16.34. Toray Industries shares last traded at $16.34, with a volume of 239 shares changing hands.

Analysts Set New Price Targets

Separately, Smbc Nikko Sec. raised shares of Toray Industries to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Toray Industries presently has a consensus rating of “Moderate Buy”.

Toray Industries Trading Down 2.4%

The firm’s 50-day simple moving average is $14.40 and its 200 day simple moving average is $13.42. The firm has a market cap of $12.37 billion, a P/E ratio of 42.15 and a beta of 0.43. The company has a quick ratio of 1.15, a current ratio of 1.83 and a debt-to-equity ratio of 0.28.

Toray Industries (OTCMKTS:TRYIY) last posted 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). Toray Industries had a return on equity of 2.38% and a net margin of 1.71%.The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.20 billion. Toray Industries has set its FY 2025 guidance at 0.707-0.707 EPS. As a group, analysts expect that Toray Industries Inc. will post 0.73 earnings per share 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.