Toray Industries (OTCMKTS:TRYIY) Hits New 12-Month High – Here’s What Happened

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) reached a new 52-week high during trading on Tuesday . The company traded as high as $15.11 and last traded at $15.08, with a volume of 18554 shares trading hands. The stock had previously closed at $14.7340.

Toray Industries Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.83 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 28.85 and a beta of 0.43. The business’s 50 day simple moving average is $13.51 and its 200-day simple moving average is $13.18.

Toray Industries (OTCMKTS:TRYIY) last announced its quarterly earnings data 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). The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.49 billion. Toray Industries had a net margin of 2.38% and a return on equity of 3.26%. On average, research analysts forecast that Toray Industries Inc. will post 0.73 earnings per share for the current year.

Toray Industries Company Profile

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.