Toyota Industries (OTCMKTS:TYIDY) Stock Price Down 6.5% – Here’s Why

Toyota Industries Co. (OTCMKTS:TYIDY) fell 6.5% during mid-day trading on Thursday . The stock traded as low as $120.00 and last traded at $120.00. 309 shares changed hands during trading, a decline of 98% from the average session volume of 20,452 shares. The stock had previously closed at $128.31.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Toyota Industries to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Toyota Industries Trading Down 5.7%

The company has a 50 day moving average price of $127.15 and a 200 day moving average price of $122.57. The firm has a market cap of $36.06 billion and a PE ratio of 0.37.

Toyota Industries Company Profile

Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.

The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.