Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down – Here’s What Happened

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $106.82, but opened at $101.86. Tokyo Electron shares last traded at $105.07, with a volume of 15,016 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Tokyo Electron from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tokyo Electron has a consensus rating of “Hold”.

Tokyo Electron Stock Performance

The company’s 50 day moving average price is $102.79 and its 200-day moving average price is $89.43. The company has a market cap of $96.40 billion, a price-to-earnings ratio of 26.56 and a beta of 1.90.

Tokyo Electron (OTCMKTS:TOELY) last released its quarterly earnings results on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. As a group, sell-side analysts forecast that Tokyo Electron Ltd. will post 3.23 earnings per share for the current year.

Tokyo Electron Company Profile

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems, surface preparation systems, deposition systems, test systems, wafer bonders/debonders, wafer edge trimming, SiC epitaxial CVD systems, gas cluster ion beam system, and cleaning systems.