TOYO Co., Ltd. $TOYO Stake Reduced by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. trimmed its holdings in TOYO Co., Ltd. (NASDAQ:TOYO) by 57.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,852 shares of the company’s stock after selling 196,236 shares during the quarter. Prescott Group Capital Management L.L.C. owned 0.39% of TOYO worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vontobel Holding Ltd. bought a new stake in shares of TOYO in the 3rd quarter worth approximately $69,000. State of Alaska Department of Revenue bought a new stake in TOYO during the third quarter worth approximately $43,000. WINTON GROUP Ltd bought a new stake in TOYO during the second quarter worth approximately $293,000. Engineers Gate Manager LP acquired a new position in TOYO in the second quarter worth approximately $84,000. Finally, Bank of America Corp DE acquired a new position in TOYO in the first quarter worth approximately $135,000. Institutional investors own 84.61% of the company’s stock.

TOYO Stock Up 4.9%

TOYO stock opened at $4.95 on Wednesday. TOYO Co., Ltd. has a one year low of $3.71 and a one year high of $17.43. The firm has a 50-day moving average of $4.31 and a two-hundred day moving average of $7.88. The company has a quick ratio of 0.58, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

TOYO (NASDAQ:TOYO) last released its earnings results on Thursday, August 20th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $118.18 million for the quarter, compared to analyst estimates of $192.57 million. On average, research analysts expect that TOYO Co., Ltd. will post 1.90 EPS for the current year.

Analyst Upgrades and Downgrades

TOYO has been the topic of several research reports. Zacks Research raised TOYO from a “strong sell” rating to a “hold” rating in a report on Thursday, September 24th. Weiss Ratings raised TOYO from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Roth Capital restated a “buy” rating on shares of TOYO in a report on Tuesday, September 1st. Wall Street Zen lowered TOYO from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price on shares of TOYO in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

TOYO Profile

TOYO Co, Ltd. is a Japan-based solar energy company that develops, manufactures and sells photovoltaic products. Its business is focused on solar cells and modules used in utility-scale, commercial and residential solar power systems.

The company’s product portfolio includes advanced solar cells and related photovoltaic solutions designed to support the conversion of sunlight into electricity. TOYO serves customers and project developers in international markets and is focused on expanding its presence across the global solar supply chain.

TOYO has pursued manufacturing and development opportunities outside Japan, including production and expansion initiatives in overseas markets.