Toray Industries (OTCMKTS:TRYIY) Share Price Passes Above 50 Day Moving Average – Here’s Why

Toray Industries, Inc. (OTCMKTS:TRYIY)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.41 and traded as high as $12.81. Toray Industries shares last traded at $12.79, with a volume of 32,911 shares changing hands.

Toray Industries Stock Performance

The firm has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $11.10. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 32.80 and a beta of 0.76.

Toray Industries Company Profile

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.