Tokyo Electron (OTCMKTS:TOELY) Trading Down 6.2% – Here’s What Happened

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s share price traded down 6.2% on Friday . The stock traded as low as $79.84 and last traded at $79.84. 56,392 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 143,411 shares. The stock had previously closed at $85.13.

Tokyo Electron Trading Down 5.6%

The firm’s 50 day simple moving average is $78.11 and its two-hundred day simple moving average is $77.74. The firm has a market cap of $74.07 billion, a price-to-earnings ratio of 20.77 and a beta of 1.72.

Tokyo Electron (OTCMKTS:TOELY) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. Tokyo Electron had a net margin of 22.37% and a return on equity of 30.47%. The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.29 billion. As a group, equities research analysts anticipate that Tokyo Electron Ltd. will post 3.23 earnings per share 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.