Toray Industries (OTCMKTS:TRYIY) Shares Pass Above 50 Day Moving Average – What’s Next?

Toray Industries, Inc. (OTCMKTS:TRYIYGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.21 and traded as high as $12.61. Toray Industries shares last traded at $12.57, with a volume of 36,586 shares.

Toray Industries Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 32.22 and a beta of 0.76. The stock’s 50-day moving average price is $12.21 and its 200-day moving average price is $10.96.

About Toray Industries

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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.

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