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

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY) gapped down before the market opened on Friday . The stock had previously closed at $108.20, but opened at $103.90. Tokyo Electron shares last traded at $107.33, with a volume of 14,077 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Tokyo Electron from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Tokyo Electron Stock Down 1.8%

The stock has a market cap of $97.89 billion, a PE ratio of 26.97 and a beta of 1.90. The stock has a fifty day moving average of $101.44 and a 200-day moving average of $88.60.

Tokyo Electron (OTCMKTS:TOELY) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Tokyo Electron had a return on equity of 28.36% and a net margin of 21.74%. Equities research analysts forecast that Tokyo Electron Ltd. will post 3.23 earnings per share for the current fiscal 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.