Tokyo Electron (OTCMKTS:TOELY) Stock Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Tokyo Electron Ltd. shares fell below their fifty-day moving average of $82.70, closing at $67.27 with a trading volume of 161,433 shares.
• Zacks Research downgraded the stock from a "strong-buy" to a "hold" rating, although the stock still holds an average rating of "Buy" from analysts.
• In its latest earnings report, Tokyo Electron missed analysts' revenue expectations, reporting $3.80 billion against a forecast of $4.10 billion.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $82.70 and traded as low as $66.58. Tokyo Electron shares last traded at $67.27, with a volume of 161,433 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Tokyo Electron from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Tokyo Electron has an average rating of "Buy".

Tokyo Electron Stock Up 0.2%

The company has a market capitalization of $63.01 billion, a PE ratio of 17.58 and a beta of 1.80. The business's 50 day simple moving average is $81.25 and its 200 day simple moving average is $77.96.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). Tokyo Electron had a net margin of 22.07% and a return on equity of 28.97%. The firm had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $4.10 billion. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. On average, 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.