TOYO (NASDAQ:TOYO) Rating Increased to Hold at Wall Street Zen

TOYO (NASDAQ:TOYO) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also commented on the company. Zacks Research upgraded TOYO to a “hold” rating in a research note on Friday, January 16th. HC Wainwright initiated coverage on TOYO in a research report on Thursday, January 15th. They set a “buy” rating and a $18.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TOYO in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

TOYO Stock Down 7.3%

NASDAQ:TOYO opened at $7.62 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $7.04 and a 200 day moving average price of $6.51. TOYO has a one year low of $2.57 and a one year high of $10.21.

Institutional Trading of TOYO

An institutional investor recently raised its position in TOYO stock. Renaissance Technologies LLC lifted its stake in TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,250 shares of the company’s stock after purchasing an additional 4,250 shares during the period. Renaissance Technologies LLC owned 0.07% of TOYO worth $166,000 at the end of the most recent quarter. Institutional investors own 84.61% of the company’s stock.

TOYO Company Profile

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.