Toray Industries (OTCMKTS:TRYIY) Reaches New 1-Year High – Here’s Why

Toray Industries, Inc. (OTCMKTS:TRYIY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.13 and last traded at $13.75, with a volume of 8184 shares trading hands. The stock had previously closed at $13.65.

Toray Industries Stock Performance

The firm has a market capitalization of $11.05 billion, a P/E ratio of 35.36 and a beta of 0.76. The firm’s 50-day moving average is $12.90 and its 200 day moving average is $11.49.

Toray Industries (OTCMKTS:TRYIY) last posted its earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter. Toray Industries had a return on equity of 2.50% and a net margin of 1.87%. The company had revenue of $4.41 billion for the quarter. As a group, research analysts expect that Toray Industries, Inc. will post 0.72 EPS for the current fiscal 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.