Toray Industries (OTCMKTS:TRYIY) Shares Gap Up – What’s Next?

Shares of Toray Industries Inc. (OTCMKTS:TRYIY) gapped up prior to trading on Tuesday . The stock had previously closed at $14.97, but opened at $15.75. Toray Industries shares last traded at $15.75, with a volume of 532 shares trading hands.

Analysts Set New Price Targets

Separately, Smbc Nikko Sec. upgraded shares of Toray Industries to a “strong-buy” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Toray Industries currently has an average rating of “Moderate Buy”.

Toray Industries Stock Down 0.4%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.16 and a current ratio of 1.78. The firm has a 50 day simple moving average of $15.21 and a two-hundred day simple moving average of $13.68. The stock has a market cap of $11.22 billion, a P/E ratio of 38.23 and a beta of 0.40.

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