Toray Industries (OTCMKTS:TRYIY) Sees Large Volume Increase – Here’s What Happened

Toray Industries Inc. (OTCMKTS:TRYIY) shares saw unusually-strong trading volume on Thursday . Approximately 36,107 shares were traded during trading, an increase of 54% from the previous session’s volume of 23,435 shares.The stock last traded at $17.50 and had previously closed at $17.05.

Wall Street Analyst Weigh In

Separately, Smbc Nikko Sec. raised Toray Industries to a “strong-buy” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Toray Industries Trading Down 2.5%

The company has a fifty day moving average of $14.85 and a 200-day moving average of $13.56. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 43.72 and a beta of 0.43.

Toray Industries (OTCMKTS:TRYIY) last released its earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Toray Industries had a net margin of 1.71% and a return on equity of 2.38%. Toray Industries has set its FY 2025 guidance at 0.707-0.707 EPS. As a group, equities research analysts anticipate that Toray Industries Inc. will post 0.73 earnings per share 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.