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

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 Analysts Forecast Growth

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

Tokyo Electron Stock Performance

The stock has a fifty day moving average of $102.79 and a 200 day moving average of $89.43. The company has a market capitalization of $96.40 billion, a P/E ratio of 26.56 and a beta of 1.90.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.90 EPS 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 the consensus estimate of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. Research analysts anticipate that Tokyo Electron Ltd. will post 3.23 EPS 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.