Toray Industries (OTCMKTS:TRYIY) Stock Price Up 5.3% – Still a Buy?

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price rose 5.3% on Monday . The company traded as high as $13.50 and last traded at $13.50. Approximately 649 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 24,558 shares. The stock had previously closed at $12.8160.

Toray Industries Price Performance

The stock has a fifty day simple moving average of $12.59 and a 200-day simple moving average of $13.12. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 25.85 and a beta of 0.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.83 and a quick ratio of 1.15.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Toray Industries had a return on equity of 3.26% and a net margin of 2.38%. On average, equities research analysts anticipate that Toray Industries Inc. will post 0.73 EPS for the current year.

About Toray Industries

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.