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.

Wall Street Analyst Weigh In

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

Tokyo Electron Price Performance

The stock has a market cap of $89.28 billion, a price-to-earnings ratio of 24.59 and a beta of 1.90. The business has a fifty day moving average of $102.98 and a 200 day moving average of $89.66.

Tokyo Electron (OTCMKTS:TOELY) last posted its 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. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.06 billion. On average, analysts expect 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.