Kuraray (OTCMKTS:KURRY) Shares Gap Up – Here’s Why

Shares of Kuraray Co. (OTCMKTS:KURRY) gapped up prior to trading on Friday . The stock had previously closed at $28.01, but opened at $31.70. Kuraray shares last traded at $31.70, with a volume of 129 shares trading hands.

Kuraray Trading Up 13.2%

The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 121.93 and a beta of -0.01. The business’s 50-day moving average price is $31.16 and its 200 day moving average price is $31.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.49 and a quick ratio of 1.29.

Kuraray (OTCMKTS:KURRY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.62 earnings per share (EPS) for the quarter. Kuraray had a net margin of 0.44% and a return on equity of 4.65%. The firm had revenue of $1.28 billion for the quarter.

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.