Toray Industries (OTCMKTS:TRYIY) Upgraded to “Buy” by Nomura

Nomura upgraded shares of Toray Industries (OTCMKTS:TRYIY – Get Rating) from a neutral rating to a buy rating in a report issued on Wednesday morning, The Fly reports.

Shares of TRYIY opened at $10.43 on Wednesday. The stock’s 50-day simple moving average is $9.96 and its 200 day simple moving average is $11.17. Toray Industries has a 52-week low of $9.18 and a 52-week high of $14.07.

About Toray Industries (Get Rating)

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-microfiber non-woven fabric with suede-texture; and apparel products.

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