Teijin (OTCMKTS:TINLY) Shares Gap Up – Here’s What Happened

Shares of Teijin Ltd. (OTCMKTS:TINLY) gapped up prior to trading on Wednesday . The stock had previously closed at $9.6983, but opened at $10.45. Teijin shares last traded at $10.45, with a volume of 1,232 shares changing hands.

Teijin Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.75 and a quick ratio of 1.06. The firm has a fifty day simple moving average of $9.77 and a 200 day simple moving average of $10.03. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -6.83 and a beta of 0.12.

Teijin (OTCMKTS:TINLY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.47 earnings per share for the quarter. The business had revenue of $1.39 billion during the quarter. Teijin had a negative net margin of 5.36% and a negative return on equity of 11.68%.

About Teijin

Teijin Limited is a diversified Japanese conglomerate headquartered in Tokyo, with roots dating back to 1918 when it launched Japan’s first rayon manufacturing facility. Over the past century, the company has evolved into an integrated chemical, pharmaceutical and information technology group serving a wide range of global markets. Teijin operates through multiple business segments that include advanced fibers & composites, performance films, healthcare and IT solutions.

In its fibers & composites division, Teijin produces high-strength aramid fibers under brands such as Twaron and Technora, along with carbon fiber composite materials used in aerospace, automotive and industrial applications.