Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $15.04, but opened at $15.69. Toray Industries shares last traded at $14.9796, with a volume of 4,246 shares trading hands.

Toray Industries Stock Performance

The stock has a fifty day moving average price of $15.88 and a two-hundred day moving average price of $14.95. The company has a market cap of $11.32 billion, a P/E ratio of 18.35 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.87 and a quick ratio of 1.19.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. Toray Industries had a return on equity of 4.84% and a net margin of 3.48%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.03 billion. On average, equities analysts forecast that Toray Industries Inc. will post 0.79 earnings per share for the current fiscal year.

About Toray Industries

Toray Industries, Inc is a Japan-based diversified chemical company that develops and manufactures advanced materials and related products. Founded in 1926 and headquartered in Tokyo, Toray began as a producer of rayon and has expanded into a global materials group serving industrial, commercial and consumer markets.

The company’s businesses include fibers and textiles, performance chemicals, carbon fiber and composite materials, films, resins, electronic materials, water treatment membranes and other environmental solutions.