Teijin (OTCMKTS:TINLY) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Teijin Limited (OTCMKTS:TINLY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.34 and traded as low as $8.54. Teijin shares last traded at $8.54, with a volume of 4,264 shares changing hands.

Teijin Stock Performance

The firm’s 50 day moving average is $9.59 and its 200-day moving average is $9.34. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 23.09 and a beta of 0.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 1.45.

Teijin (OTCMKTS:TINLY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.14 earnings per share for the quarter. Teijin had a net margin of 1.24% and a return on equity of 1.69%. The business had revenue of $1.64 billion during the quarter.

Teijin Company Profile

Teijin Limited engages in the fibers, films and sheets, composites, healthcare, and IT businesses worldwide. It offers aramid fibers and polyethylene materials; carbon fibers, composite materials, and oxidized PAN fibers; polycarbonate sheets and films; high-density polyethylene porous films and materials; and microporous films.