Toray Industries (OTCMKTS:TRYIY) Shares Gap Down – Here’s Why

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $12.82, but opened at $12.20. Toray Industries shares last traded at $12.55, with a volume of 208 shares traded.

Toray Industries Price Performance

The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25. The stock has a market cap of $9.44 billion, a PE ratio of 24.14 and a beta of 0.43. The business has a 50-day moving average price of $12.60 and a 200 day moving average price of $13.16.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings data on Friday, November 14th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.28%. As a group, research analysts forecast that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal year.

Toray Industries Company Profile

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.