Kuraray (OTCMKTS:KURRY) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Kuraray Co., Ltd. (OTCMKTS:KURRY)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $41.36 and traded as high as $41.43. Kuraray shares last traded at $41.43, with a volume of 1,302 shares changing hands.

Kuraray Price Performance

The firm has a fifty day simple moving average of $41.69 and a 200-day simple moving average of $37.28. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 13.45 and a beta of 0.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 2.84.

Kuraray (OTCMKTS:KURRY) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.64 earnings per share (EPS) for the quarter. Kuraray had a return on equity of 6.89% and a net margin of 6.33%. The business had revenue of $1.41 billion during the quarter.

About Kuraray

Kuraray Co, Ltd. engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide. The Vinyl Acetate segment manufactures and markets functional resins and films, including PVA, PVB and EVAL. The Isoprene segment engages in the manufacture and marketing of SEPTON thermoplastic elastomer, isoprene-related products, and GENESTAR.