Toyota Industries (OTCMKTS:TYIDY) Shares Gap Up – Time to Buy?

Shares of Toyota Industries Co. (OTCMKTS:TYIDY) gapped up before the market opened on Wednesday . The stock had previously closed at $120.4101, but opened at $127.95. Toyota Industries shares last traded at $127.95, with a volume of 442 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Toyota Industries to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Toyota Industries Stock Up 6.3%

The stock has a fifty day moving average of $126.62 and a two-hundred day moving average of $125.10. The stock has a market cap of $38.45 billion and a price-to-earnings ratio of 0.37.

Toyota Industries Company Profile

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.