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

Key Points

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Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $91.65, but opened at $80.90. Tokyo Electron shares last traded at $80.50, with a volume of 138,612 shares trading hands.

Tokyo Electron Price Performance

The company has a market capitalization of $70.92 billion, a price-to-earnings ratio of 19.79 and a beta of 1.73. The stock has a 50 day simple moving average of $87.65 and a two-hundred day simple moving average of $80.25.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last posted 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 net margin of 22.07% and a return on equity of 29.49%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $4.10 billion. Equities research analysts predict that Tokyo Electron Ltd. will post 3.23 EPS 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.