Kuraray (OTCMKTS:KURRY) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of Kuraray Co., Ltd. (OTCMKTS:KURRYGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $43.71 and traded as low as $36.40. Kuraray shares last traded at $36.40, with a volume of 353 shares.

Kuraray Stock Performance

The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 18.86 and a beta of 0.14. The firm has a fifty day simple moving average of $43.71 and a 200 day simple moving average of $41.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.65 and a quick ratio of 1.43.

Kuraray (OTCMKTS:KURRYGet Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.48 earnings per share (EPS) for the quarter. Kuraray had a net margin of 3.90% and a return on equity of 7.73%.

Kuraray Company Profile

(Get Free Report)

Kuraray Co, Ltd. engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide. The Vinyl Acetate segment manufactures and markets functional resins and films, including PVA, PVB and EVAL. The Isoprene segment engages in the manufacture and marketing of SEPTON thermoplastic elastomer, isoprene-related products, and GENESTAR.

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