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

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) shares 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 0.5%

The company's fifty day moving average is $83.82 and its 200 day moving average is $79.08. The firm has a market cap of $84.13 billion, a price-to-earnings ratio of 23.59 and a beta of 1.75.

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