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Toray Industries (OTCMKTS:TRYIY) Shares Cross Above 50-Day Moving Average - Should You Sell?

Toray Industries logo with Industrial Products background

Toray Industries, Inc. (OTCMKTS:TRYIY - Get Free Report)'s share price crossed 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 changing hands.

Toray Industries Stock Performance

The company has a market cap of $10.25 billion, a P/E ratio of 32.22 and a beta of 0.76. 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 business has a fifty day simple moving average of $12.21 and a two-hundred day simple moving average of $10.96.

Toray Industries Company Profile

(Get Free Report)

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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