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 $111.35, but opened at $106.00. Tokyo Electron shares last traded at $107.2950, with a volume of 16,060 shares.

Wall Street Analysts Forecast Growth

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

Tokyo Electron Stock Performance

The stock has a market capitalization of $99.30 billion, a PE ratio of 27.36 and a beta of 1.93. The firm has a 50 day moving average of $94.24 and a 200-day moving average of $85.90.

Tokyo Electron (OTCMKTS:TOELY) last released its quarterly earnings data 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. The firm 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 29.10% and a net margin of 21.74%. On average, sell-side analysts predict that Tokyo Electron Ltd. will post 3.23 earnings per share for the current 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.