Toray Industries (OTCMKTS:TRYIY) Announces Earnings Results

Toray Industries (OTCMKTS:TRYIY) announced its earnings results on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. Toray Industries had a net margin of 1.87% and a return on equity of 2.50%. Toray Industries updated its FY 2024 guidance to 0.360-0.360 EPS.

Toray Industries Trading Up 7.8 %

Shares of TRYIY stock opened at $13.26 on Friday. The company’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $11.71. Toray Industries has a 52 week low of $8.74 and a 52 week high of $14.76. The company has a market cap of $10.62 billion, a PE ratio of 36.53 and a beta of 0.77.

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.