Toray Industries Inc. (TRYIY) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Toray Industries Inc. (OTCMKTS:TRYIY) posted its quarterly earnings results on Monday, August 7th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04, MarketWatch Earnings reports. The company had revenue of $4.54 billion during the quarter.

Shares of Toray Industries (OTCMKTS TRYIY) remained flat at $18.21 on Friday. The company had a trading volume of 8,756 shares. The firm has a 50-day moving average price of $17.68 and a 200-day moving average price of $17.39. Toray Industries has a 12-month low of $15.98 and a 12-month high of $19.76. The company has a market cap of $14.56 billion, a price-to-earnings ratio of 16.74 and a beta of 0.25.

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Separately, Zacks Investment Research lowered Toray Industries from a “buy” rating to a “hold” rating in a research report on Wednesday.

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