Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – Time to Buy?

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) gapped up prior to trading on Thursday . The stock had previously closed at $15.01, but opened at $17.10. Toray Industries shares last traded at $16.31, with a volume of 426 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Toray Industries to a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Toray Industries Stock Up 9.0%

The company has a market capitalization of $12.30 billion, a PE ratio of 23.36 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.78. The stock’s 50 day moving average is $14.26 and its 200 day moving average is $14.60.

Toray Industries (OTCMKTS:TRYIY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.27 EPS for the quarter. Toray Industries had a return on equity of 4.22% and a net margin of 3.06%. On average, sell-side analysts anticipate that Toray Industries Inc. will post 0.79 EPS for the current fiscal year.

Toray Industries Company Profile

Toray Industries, Inc is a global leader in advanced materials and chemical technologies, headquartered in Tokyo, Japan. The company’s core operations span five business segments: fibers & textiles, performance chemicals, carbon fiber composite materials, environment & engineering, and life sciences. Toray serves a diverse range of industries, including automotive, aerospace, electronics, construction, healthcare and water treatment, leveraging its material innovation to meet evolving market demands.

In the fibers & textiles division, Toray develops synthetic fibers and high-performance fabrics for applications such as apparel, industrial materials and automotive interiors.