Kuraray (OTCMKTS:KURRY) Stock Price Up 9.5% – Should You Buy?

Kuraray Co. (OTCMKTS:KURRY) shares traded up 9.5% during mid-day trading on Thursday. The stock traded as high as $37.12 and last traded at $37.12. 166 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 622 shares. The stock had previously closed at $33.90.

Kuraray Trading Up 9.1%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 2.63. The business’s 50 day moving average price is $33.27 and its 200-day moving average price is $32.65. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 69.81 and a beta of 0.05.

Kuraray Company Profile

Kuraray Co, Ltd. is a Japanese specialty chemicals company headquartered in Tokyo. Founded in 1926 as Kurashiki Rayon Co, Ltd., the company initially developed rayon and later expanded into advanced materials and chemical products. It adopted the Kuraray name in 1986.

The company produces materials used in packaging, automotive components, construction, electronics, healthcare and other industrial applications. Its product portfolio includes polyvinyl alcohol (PVA) resins and films, ethylene vinyl alcohol (EVAL) copolymers, polyvinyl butyral (PVB) films, activated carbon, thermoplastic elastomers, methacrylate products, isoprene-related chemicals, synthetic fibers and dental materials.

Kuraray serves customers through manufacturing, research and sales operations in Japan and international markets, including North America, Europe and Asia.