Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – Time to Sell?

Toyota Industries Co. (OTCMKTS:TYIDY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $127.00, but opened at $120.15. Toyota Industries shares last traded at $128.00, with a volume of 346 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Toyota Industries to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Toyota Industries Stock Up 0.8%

The stock has a market cap of $38.46 billion and a price-to-earnings ratio of 0.37. The stock’s fifty day moving average is $126.59 and its 200-day moving average is $123.80.

About Toyota Industries

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.