Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down - What's Next?

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $93.28, but opened at $90.00. Tokyo Electron shares last traded at $91.59, with a volume of 3,695 shares traded.

Tokyo Electron Stock Down 1.6%

The stock has a market cap of $84.53 billion, a PE ratio of 23.71 and a beta of 1.75. The firm has a 50-day simple moving average of $83.45 and a 200-day simple moving average of $78.97.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.29 billion. Tokyo Electron had a return on equity of 30.47% and a net margin of 22.37%. On average, research analysts expect 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.