Toray Industries (OTCMKTS:TRYIY) Stock Jumps 9.3% – Should You Buy?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price shot up 9.3% during trading on Thursday. The company traded as high as $16.27 and last traded at $16.27. Approximately 847 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 30,312 shares. The stock had previously closed at $14.8832.

Toray Industries Stock Down 5.1%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.87. The firm has a market capitalization of $11.36 billion, a PE ratio of 18.41 and a beta of 0.54. The company has a fifty day moving average price of $15.64 and a 200-day moving average price of $15.02.

Toray Industries (OTCMKTS:TRYIY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Toray Industries had a net margin of 3.48% and a return on equity of 4.84%. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.03 billion. As a group, analysts expect that Toray Industries Inc. will post 0.79 earnings per share for the current year.

Toray Industries Company Profile

Toray Industries, Inc is a Japan-based diversified chemical company that develops and manufactures advanced materials and related products. Founded in 1926 and headquartered in Tokyo, Toray began as a producer of rayon and has expanded into a global materials group serving industrial, commercial and consumer markets.

The company’s businesses include fibers and textiles, performance chemicals, carbon fiber and composite materials, films, resins, electronic materials, water treatment membranes and other environmental solutions.