Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – Here’s What Happened

Toyota Industries Co. (OTCMKTS:TYIDY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $128.9886, but opened at $122.46. Toyota Industries shares last traded at $122.46, with a volume of 301 shares traded.

Wall Street Analysts Forecast Growth

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

Toyota Industries Trading Up 5.1%

The company’s 50 day moving average is $127.22 and its 200-day moving average is $121.93. The company has a market capitalization of $38.66 billion and a P/E ratio of 0.37.

Toyota Industries Company Profile

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.