Kuraray (OTCMKTS:KURRY) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Kuraray Co., Ltd. (OTCMKTS:KURRY) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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.

Kuraray Price Performance

The company has a market capitalization of $4.62 billion, a P/E ratio of 13.45 and a beta of 0.23. The firm’s 50 day moving average price is $41.69 and its two-hundred day moving average price is $37.28. The company has a current ratio of 2.84, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24.

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

Kuraray Company Profile

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.