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

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELYGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $156.20, but opened at $145.77. Tokyo Electron shares last traded at $148.8660, with a volume of 8,784 shares.

Tokyo Electron Trading Up 0.6%

The firm has a market capitalization of $141.04 billion, a P/E ratio of 36.48 and a beta of 1.95. The company has a 50 day simple moving average of $138.30 and a two-hundred day simple moving average of $126.17.

Tokyo Electron Company Profile

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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.

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