Kuraray (OTCMKTS:KURRY) Announces Earnings Results

Kuraray (OTCMKTS:KURRY) issued its quarterly earnings results on Tuesday. The company reported $0.81 earnings per share (EPS) for the quarter, Zacks reports. Kuraray had a net margin of 1.00% and a return on equity of 4.46%. The business had revenue of $1.40 billion for the quarter.

Kuraray Price Performance

OTCMKTS:KURRY remained flat at $33.56 during trading hours on Thursday. The company’s stock had a trading volume of 139 shares, compared to its average volume of 100. Kuraray has a one year low of $27.64 and a one year high of $45.00. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 61.02 and a beta of -0.08. The stock has a fifty day moving average price of $30.67 and a 200 day moving average price of $32.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.34 and a current ratio of 2.54.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Kuraray from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Kuraray Company Profile

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.