Toray Industries (OTCMKTS:TRYIY) Sees Unusually-High Trading Volume – Here’s What Happened

Toray Industries Inc. (OTCMKTS:TRYIY) shares saw unusually-strong trading volume on Friday . 108,648 shares traded hands during trading, an increase of 250% from the previous session’s volume of 31,073 shares.The stock last traded at $16.1128 and had previously closed at $15.71.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Toray Industries to a “hold” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Toray Industries has an average rating of “Buy”.

Toray Industries Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $12.30 billion, a PE ratio of 19.95 and a beta of 0.50. The stock’s 50 day moving average price is $14.99 and its two-hundred day moving average price is $14.80.

Toray Industries (OTCMKTS:TRYIY) last posted its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.03 billion. Toray Industries had a return on equity of 4.82% and a net margin of 3.48%. On average, equities analysts expect that Toray Industries Inc. will post 0.79 earnings per share for the current year.

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.