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

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s share price 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 traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Tokyo Electron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tokyo Electron currently has a consensus rating of “Hold”.

Tokyo Electron Trading Down 1.8%

The firm has a market capitalization of $97.89 billion, a price-to-earnings ratio of 26.97 and a beta of 1.90. The stock’s fifty day moving average price is $101.44 and its two-hundred day moving average price is $88.60.

Tokyo Electron (OTCMKTS:TOELY) last issued its earnings results on Friday, October 31st. The company reported $0.90 EPS for the quarter, topping 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 the consensus estimate of $4.06 billion. Analysts anticipate that Tokyo Electron Ltd. will post 3.23 earnings per share for the current fiscal year.

Tokyo Electron Company Profile

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.