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

Toray Industries Inc. (OTCMKTS:TRYIY) gapped down prior to trading on Wednesday . The stock had previously closed at $13.28, but opened at $12.70. Toray Industries shares last traded at $13.16, with a volume of 2,551 shares traded.

Toray Industries Stock Down 0.9%

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.15. The stock has a market capitalization of $9.90 billion, a PE ratio of 25.32 and a beta of 0.43. The company has a 50 day moving average price of $12.70 and a 200-day moving average price of $13.09.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings results 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). The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.26%. As a group, analysts forecast that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal 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.