Toray Industries (OTCMKTS:TRYIY) Sees Unusually-High Trading Volume – Time to Buy?

Toray Industries Inc. (OTCMKTS:TRYIY) saw unusually-strong trading volume on Tuesday . Approximately 95,273 shares traded hands during mid-day trading, an increase of 289% from the previous session’s volume of 24,521 shares.The stock last traded at $13.2550 and had previously closed at $13.45.

Toray Industries Stock Performance

The business has a 50-day moving average of $12.60 and a two-hundred day moving average of $13.12. 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 company has a market cap of $9.97 billion, a P/E ratio of 25.50 and a beta of 0.43.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Toray Industries had a net margin of 2.38% and a return on equity of 3.26%. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.49 billion. On average, sell-side analysts predict that Toray Industries Inc. will post 0.73 EPS 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.