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

Tokyo Electron logo with Computer and Technology background

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.

Tokyo Electron Trading Down 6.0%

The company has a market cap of $67.78 billion, a PE ratio of 18.91 and a beta of 1.73. The business's 50-day simple moving average is $87.65 and its 200-day simple moving average is $80.31.

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 (EPS) for the quarter. Tokyo Electron had a net margin of 22.07% and a return on equity of 29.49%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.10 billion. On average, research analysts predict that Tokyo Electron Ltd. will post 3.23 earnings per share for the current fiscal year.

Tokyo Electron Company Profile

(Get Free Report)

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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