Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – Here’s What Happened

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $13.45, but opened at $12.60. Toray Industries shares last traded at $12.60, with a volume of 794 shares.

Toray Industries Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.69 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $12.70 and a two-hundred day moving average of $13.18. The firm has a market cap of $10.04 billion, a P/E ratio of 21.62 and a beta of 0.55.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). Toray Industries had a net margin of 2.72% and a return on equity of 3.76%. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.49 billion. Sell-side analysts expect that Toray Industries Inc. will post 0.73 EPS 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.