Kuraray (OTCMKTS:KURRY) Releases Earnings Results

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

Kuraray Price Performance

OTCMKTS KURRY remained flat at $33.56 during trading on Thursday. The company’s stock had a trading volume of 139 shares, compared to its average volume of 100. Kuraray has a 52 week low of $27.64 and a 52 week high of $45.00. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 61.02 and a beta of -0.08. The business’s 50 day moving average is $30.67 and its 200 day moving average is $32.54. The company has a current ratio of 2.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.