Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down – What’s Next?

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) gapped down before the market opened on Monday . The stock had previously closed at $228.26, but opened at $217.00. Tokyo Electron shares last traded at $217.31, with a volume of 150,363 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Tokyo Electron currently has an average rating of “Strong Buy”.

Tokyo Electron Stock Down 3.5%

The company’s fifty day moving average price is $194.07 and its 200 day moving average price is $152.61. The company has a market capitalization of $206.24 billion, a P/E ratio of 53.35 and a beta of 1.88.

Tokyo Electron Company Profile

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.