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

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) gapped down prior to trading 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 trading hands.

Tokyo Electron Price Performance

The stock has a market cap of $84.13 billion, a PE ratio of 23.59 and a beta of 1.75. The business has a 50 day simple moving average of $84.16 and a 200 day simple moving average of $79.23.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last released its quarterly 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 company had revenue of $4.59 billion during 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%. As a group, sell-side analysts forecast that Tokyo Electron Ltd. will post 3.23 earnings per share for the current fiscal 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.