Kuraray (OTCMKTS:KURRY) Shares Gap Down – Here’s Why

Shares of Kuraray Co. (OTCMKTS:KURRY) gapped down before the market opened on Wednesday . The stock had previously closed at $31.1250, but opened at $29.24. Kuraray shares last traded at $29.24, with a volume of 201 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut Kuraray from a “strong-buy” rating to a “sell” rating in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Kuraray Stock Down 6.1%

The firm has a market cap of $3.00 billion, a P/E ratio of 53.16 and a beta of -0.08. The company has a current ratio of 2.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $31.27 and its two-hundred day moving average is $34.29.

Kuraray (OTCMKTS:KURRY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.77 earnings per share (EPS) for the quarter. Kuraray had a net margin of 1.00% and a return on equity of 4.46%. The company had revenue of $1.31 billion for the quarter.

About Kuraray

Kuraray Co, Ltd. engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide. The Vinyl Acetate segment manufactures and markets functional resins and films, including PVA, PVB and EVAL. The Isoprene segment engages in the manufacture and marketing of SEPTON thermoplastic elastomer, isoprene-related products, and GENESTAR.