Toray Industries (OTCMKTS:TRYIY) Issues Quarterly Earnings Results

Toray Industries (OTCMKTS:TRYIY) announced its quarterly earnings data on Thursday. The company reported $0.27 EPS for the quarter, Zacks reports. Toray Industries had a return on equity of 4.22% and a net margin of 3.06%.

Toray Industries Price Performance

Toray Industries stock traded up $1.35 during mid-day trading on Thursday, hitting $16.36. 12,425 shares of the company were exchanged, compared to its average volume of 30,819. The company has a market capitalization of $12.31 billion, a PE ratio of 23.37 and a beta of 0.50. The business has a fifty day moving average of $14.30 and a 200 day moving average of $14.61. Toray Industries has a 1-year low of $11.70 and a 1-year high of $17.51. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

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.