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

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $111.35, but opened at $106.00. Tokyo Electron shares last traded at $107.2950, with a volume of 16,060 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Tokyo Electron from a “strong sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Tokyo Electron Stock Performance

The company has a market capitalization of $95.80 billion, a P/E ratio of 26.39 and a beta of 1.93. The business’s fifty day simple moving average is $95.70 and its 200-day simple moving average is $86.25.

Tokyo Electron (OTCMKTS:TOELY) last issued its earnings results on Friday, October 31st. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. Tokyo Electron had a return on equity of 29.10% and a net margin of 21.74%.The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.06 billion. As a group, analysts forecast that Tokyo Electron Ltd. will post 3.23 EPS for the current year.

About Tokyo Electron

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.