Toray Industries (OTCMKTS:TRYIY) Sees Strong Trading Volume – Here’s What Happened

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) saw strong trading volume on Monday . 22,639 shares changed hands during trading, an increase of 14% from the previous session’s volume of 19,867 shares.The stock last traded at $14.66 and had previously closed at $14.37.

Toray Industries Stock Performance

The company has a fifty day moving average of $13.40 and a two-hundred day moving average of $13.16. The stock has a market capitalization of $10.92 billion, a P/E ratio of 27.91 and a beta of 0.41. 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 released its earnings results on Friday, November 14th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Toray Industries had a return on equity of 3.26% and a net margin of 2.38%.The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.49 billion. On average, equities analysts anticipate that Toray Industries Inc. will post 0.73 EPS for the current year.

About Toray Industries

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.