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

Toray Industries Inc. (OTCMKTS:TRYIY) shares saw an uptick in trading volume on Wednesday . 31,046 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 25,465 shares.The stock last traded at $14.03 and had previously closed at $14.08.

Analysts Set New Price Targets

Separately, Smbc Nikko Sec. raised shares of Toray Industries to a “strong-buy” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Toray Industries has a consensus rating of “Moderate Buy”.

Toray Industries Stock Performance

The company has a market cap of $10.40 billion, a price-to-earnings ratio of 35.44 and a beta of 0.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.16 and a current ratio of 1.78. The company has a fifty day moving average of $15.30 and a two-hundred day moving average of $13.71.

Toray Industries (OTCMKTS:TRYIY) last issued its earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Toray Industries had a return on equity of 2.38% and a net margin of 1.71%.The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.20 billion. Toray Industries has set its FY 2025 guidance at 0.707-0.707 EPS. Equities research analysts anticipate that Toray Industries Inc. will post 0.73 EPS 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.