Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down – Time to Sell?

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price gapped down prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Tokyo Electron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Tokyo Electron Stock Performance

The company has a market capitalization of $89.28 billion, a PE ratio of 24.59 and a beta of 1.90. The firm’s 50-day simple moving average is $102.98 and its 200 day simple moving average is $89.66.

Tokyo Electron (OTCMKTS:TOELY) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.90 EPS for the quarter, beating the consensus estimate 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. As a group, equities analysts anticipate 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.