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

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $200.4950, but opened at $188.4352. Tokyo Electron shares last traded at $182.13, with a volume of 131,051 shares.

Tokyo Electron Trading Down 10.8%

The stock has a market cap of $167.47 billion, a PE ratio of 43.32 and a beta of 1.95. The company’s 50 day moving average is $148.50 and its 200-day moving average is $130.86.

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.