Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – What’s Next?

Toray Industries Inc. (OTCMKTS:TRYIY) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.6310, but opened at $13.9980. Toray Industries shares last traded at $13.98, with a volume of 2,613 shares.

Wall Street Analyst Weigh In

Separately, Smbc Nikko Sec. upgraded 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, Toray Industries presently has an average rating of “Moderate Buy”.

Toray Industries Stock Down 1.7%

The company has a market cap of $10.43 billion, a price-to-earnings ratio of 35.56 and a beta of 0.40. The stock’s 50-day moving average is $15.25 and its 200-day moving average is $13.72. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.28.

Toray Industries (OTCMKTS:TRYIY) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 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 company 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. On average, analysts anticipate that Toray Industries Inc. will post 0.73 earnings per share for the current fiscal 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.