Toray Industries (OTCMKTS:TRYIY) Announces Quarterly Earnings Results

Toray Industries (OTCMKTS:TRYIY) issued its quarterly earnings data on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06), Zacks reports. Toray Industries had a return on equity of 3.76% and a net margin of 2.72%.The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.49 billion.

Toray Industries Trading Up 11.5%

OTCMKTS TRYIY traded up $1.39 during trading hours on Friday, reaching $13.45. The company’s stock had a trading volume of 17,130 shares, compared to its average volume of 24,608. The firm has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $13.18. Toray Industries has a 52 week low of $11.17 and a 52 week high of $14.80. The stock has a market cap of $10.77 billion, a P/E ratio of 23.19 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.07.

About Toray Industries

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.