Kuraray (OTCMKTS:KURRY) Shares Up 3.5% – Here’s What Happened

Shares of Kuraray Co. (OTCMKTS:KURRY) were up 3.5% on Tuesday . The company traded as high as $30.90 and last traded at $30.90. Approximately 184 shares changed hands during trading, a decline of 28% from the average daily volume of 255 shares. The stock had previously closed at $29.85.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Kuraray from a “strong-buy” rating to a “sell” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Kuraray Stock Performance

The company’s 50 day simple moving average is $29.90 and its 200 day simple moving average is $33.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.34 and a current ratio of 2.54. The stock has a market cap of $3.17 billion, a PE ratio of 56.18 and a beta of -0.09.

Kuraray (OTCMKTS:KURRY) last released its earnings results on Wednesday, November 12th. The company reported $0.77 EPS for the quarter. The company had revenue of $1.31 billion for the quarter. Kuraray had a return on equity of 4.46% and a net margin of 1.00%.

About Kuraray

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.