Kuraray (OTCMKTS:KURRY) Sees Unusually-High Trading Volume – What’s Next?

Kuraray Co. (OTCMKTS:KURRY) shares saw unusually-strong trading volume on Friday . Approximately 800 shares were traded during trading, an increase of 92% from the previous session’s volume of 417 shares.The stock last traded at $34.5750 and had previously closed at $34.76.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Kuraray from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Kuraray Trading Down 0.5%

The company has a quick ratio of 1.34, a current ratio of 2.54 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $31.28 and its 200-day moving average is $32.49. The stock has a market capitalization of $3.55 billion, a PE ratio of 69.15 and a beta of -0.08.

Kuraray (OTCMKTS:KURRY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.81 earnings per share for the quarter. Kuraray had a net margin of 0.97% and a return on equity of 5.11%. The company had revenue of $1.40 billion for the quarter.

Kuraray Company Profile

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.