Tokuyama (OTCMKTS:TKYMY) Shares Down 15.8% – What’s Next?

Shares of Tokuyama Corporation (OTCMKTS:TKYMY) fell 15.8% during trading on Friday. The company traded as low as $11.27 and last traded at $11.27. Approximately 10,729 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 24,214 shares. The stock had previously closed at $13.3850.

Tokuyama Price Performance

The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.99 and a beta of 0.24. The business’s 50 day simple moving average is $13.54 and its 200-day simple moving average is $13.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.74.

Tokuyama (OTCMKTS:TKYMY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter. Tokuyama had a net margin of 6.41% and a return on equity of 7.91%. The business had revenue of $537.48 million during the quarter.

Tokuyama Company Profile

Tokuyama Corporation is a Japanese chemical company that develops and manufactures a broad range of industrial and specialty materials. Its businesses include basic chemicals such as caustic soda and chlorine derivatives, as well as cement and related construction materials.

The company also supplies products for advanced technology and healthcare applications. These include polycrystalline silicon used in semiconductor manufacturing, fumed silica and other high-performance materials, dental materials, and products for the electronics and information technology industries.

Tokuyama was established in Japan in 1918 as Nihon Soda Kogyo Co, Ltd.