Teijin (OTCMKTS:TINLY) Shares Gap Down – Here’s Why

Teijin Ltd. (OTCMKTS:TINLY) gapped down before the market opened on Tuesday. The stock had previously closed at $11.31, but opened at $10.3950. Teijin shares last traded at $10.3950, with a volume of 258 shares changing hands.

Teijin Stock Performance

The firm has a market cap of $1.86 billion, a P/E ratio of -6.31 and a beta of 0.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.85. The stock’s 50-day moving average is $10.51 and its 200 day moving average is $10.06.

Teijin (OTCMKTS:TINLY) last posted its earnings results on Tuesday, August 4th. The company reported $1.47 earnings per share for the quarter. Teijin had a negative return on equity of 11.55% and a negative net margin of 5.36%. The firm had revenue of $1.39 billion for the quarter.

About Teijin

Teijin Limited is a Japan-based technology company with businesses spanning advanced materials and healthcare. The company develops and manufactures high-performance fibers, films, resins, composites and other materials used in transportation, electronics, industrial equipment, construction and consumer products.

Its materials portfolio includes aramid fibers, carbon fibers, polyester fibers, polycarbonate resins and related products. Teijin also provides composite materials and processing technologies designed to support lighter, stronger and more environmentally efficient products, including components for automobiles and aircraft.

In healthcare, Teijin provides pharmaceutical products and home healthcare services, including respiratory care equipment and related support.