Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down - Here's What Happened

Key Points

• Tokyo Electron Ltd. shares gapped down from $105.00 to $100.63 prior to trading on Tuesday, with the last traded price at $100.73 and a trading volume of 12,494 shares.
• Zacks Research downgraded the stock from a "hold" rating to a "strong sell," contributing to the current average rating of "sell" for the company.
• In its latest earnings report, Tokyo Electron reported earnings per share of $0.86, missing expectations by $0.03, with revenue of $3.80 billion compared to the expected $4.10 billion.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $105.00, but opened at $100.63. Tokyo Electron shares last traded at $100.73, with a volume of 12,494 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Tokyo Electron from a "hold" rating to a "strong sell" rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".

Tokyo Electron Stock Performance

The stock has a market cap of $91.75 billion, a price-to-earnings ratio of 25.60 and a beta of 1.89. The business has a fifty day simple moving average of $77.97 and a 200 day simple moving average of $79.44.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). Tokyo Electron had a return on equity of 28.97% and a net margin of 22.07%.The business 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, equities research analysts anticipate that Tokyo Electron Ltd. will post 3.23 EPS 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.

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