TOYO (NASDAQ:TOYO) Research Coverage Started at Roth Mkm

Roth Mkm started coverage on shares of TOYO (NASDAQ:TOYO) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $15.00 target price on the stock.

A number of other research analysts have also commented on the stock. HC Wainwright initiated coverage on shares of TOYO in a research note on Thursday, January 15th. They set a “buy” rating and a $18.00 price objective on the stock. Wall Street Zen raised TOYO to a “hold” rating in a research note on Saturday, February 21st. Zacks Research upgraded TOYO to a “hold” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TOYO in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.50.

TOYO Stock Performance

TOYO stock opened at $9.30 on Thursday. The firm’s 50-day moving average is $8.21 and its two-hundred day moving average is $7.13. TOYO has a 52 week low of $2.57 and a 52 week high of $10.21.

Institutional Trading of TOYO

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

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.