Kuraray (OTCMKTS:KURRY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

Shares of Kuraray Co. (OTCMKTS:KURRY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $31.1250, but opened at $29.24. Kuraray shares last traded at $29.24, with a volume of 201 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Kuraray from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, November 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Kuraray has a consensus rating of “Sell”.

Get Our Latest Stock Report on KURRY

Kuraray Trading Down 1.0%

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.54 and a quick ratio of 1.34. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 54.82 and a beta of -0.08. The business’s 50-day moving average price is $31.04 and its 200 day moving average price is $34.18.

Kuraray (OTCMKTS:KURRY – Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $1.31 billion for the quarter. Kuraray had a return on equity of 4.46% and a net margin of 1.00%.

Kuraray Company Profile

(Get Free Report)

Kuraray Co, Ltd. is a Japan-based specialty chemicals and materials company that develops, manufactures and markets a broad range of synthetic resins, fibers and functional polymers. Established in 1926, the company has built a diversified portfolio that includes polyvinyl alcohol (PVOH) resins, ethylene-vinyl alcohol copolymers (EVOH), cellulose-based derivatives, synthetic rubber and water-soluble polymers. These materials serve as key inputs for industries ranging from packaging and paper to automotive and electronics.

The company’s flagship products include the Mowital® series of PVOH resins, known for their film-forming and adhesive properties; EVAL™ EVOH resins, which offer high gas-barrier performance for food and medical packaging; and Clarino®, a high-performance synthetic leather used in apparel, footwear and upholstery.

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