Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – Here’s What Happened

Toray Industries Inc. (OTCMKTS:TRYIY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $12.47, but opened at $13.65. Toray Industries shares last traded at $13.65, with a volume of 1,093 shares.

Toray Industries Price Performance

The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 23.53 and a beta of 0.55. The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average is $12.65 and its two-hundred day moving average is $13.18.

Toray Industries (OTCMKTS:TRYIY) last released its quarterly earnings results on Friday, November 14th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Toray Industries had a return on equity of 3.76% and a net margin of 2.72%. As a group, research analysts predict that Toray Industries Inc. will post 0.73 earnings per share for the current year.

About Toray Industries

Toray Industries, Inc, together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products.