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

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $93.52, but opened at $89.77. Tokyo Electron shares last traded at $93.10, with a volume of 88,141 shares traded.

Tokyo Electron Stock Performance

The firm has a fifty day moving average of $85.17 and a 200-day moving average of $79.51. The firm has a market cap of $87.08 billion, a P/E ratio of 24.42 and a beta of 1.75.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.03 EPS for the quarter, beating 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 analyst estimates of $4.29 billion. Equities 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.

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