Toyota Industries (OTCMKTS:TYIDY) Shares Gap Down – Should You Sell?
by Amy Steele · The Cerbat GemShares of Toyota Industries Co. (OTCMKTS:TYIDY – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $128.65, but opened at $121.95. Toyota Industries shares last traded at $121.95, with a volume of 134 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Toyota Industries to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.
Read Our Latest Report on TYIDY
Toyota Industries Stock Up 0.6%
The firm has a 50 day moving average price of $127.15 and a 200 day moving average price of $122.57. The stock has a market capitalization of $38.46 billion and a PE ratio of 0.37.
About Toyota Industries
Toyota Industries Corporation, headquartered in Kariya, Aichi Prefecture, Japan, traces its origins to Sakichi Toyoda’s Toyoda Automatic Loom Works founded in 1926. As the founding member of the Toyota Group, it has grown from a textile machinery manufacturer into a diversified industrial and automotive supplier. Throughout its history, Toyota Industries has emphasized innovation, quality management and continuous improvement to expand its global footprint.
The company’s Material Handling Equipment segment, marketed under the Toyota Material Handling brand, is a leading producer of forklift trucks, warehouse vehicles and automated guided vehicles.