Toray Industries (OTCMKTS:TRYIY) Reaches New 52-Week High – Should You Buy?

Toray Industries, Inc. (OTCMKTS:TRYIY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $13.79 and last traded at $13.52, with a volume of 14924 shares traded. The stock had previously closed at $13.36.

Toray Industries Price Performance

The company has a market cap of $10.92 billion, a PE ratio of 34.67 and a beta of 0.76. The stock has a fifty day moving average price of $12.72 and a 200-day moving average price of $11.34.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter. Toray Industries had a return on equity of 2.50% and a net margin of 1.87%. The company had revenue of $4.41 billion during the quarter. On average, equities analysts anticipate that Toray Industries, Inc. will post 0.72 earnings per share for the current year.

Toray Industries Company Profile

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.