TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) Share Price Crosses Below 50 Day Moving Average of $14.20

Shares of TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.20 and traded as low as $14.37. TORAY INDUSTRIE/ADR shares last traded at $14.56, with a volume of 16,053 shares changing hands.

Separately, Zacks Investment Research raised TORAY INDUSTRIE/ADR from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, June 20th.

The business has a fifty day simple moving average of $14.19 and a two-hundred day simple moving average of $13.92. The company has a market cap of $11.71 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.62 and a beta of 0.39.

TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) last posted its earnings results on Tuesday, May 14th. The company reported ($0.02) earnings per share for the quarter. TORAY INDUSTRIE/ADR had a net margin of 3.32% and a return on equity of 8.15%. The firm had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $4.61 billion. On average, research analysts forecast that TORAY INDUSTRIE/ADR will post 1.06 EPS for the current fiscal year.

TORAY INDUSTRIE/ADR Company Profile (OTCMKTS:TRYIY)

Toray Industries, Inc manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products. 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-microfiber non-woven fabric with suede-texture; and apparel products.

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