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

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s stock price gapped down prior to trading 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 changing hands.

Tokyo Electron Price Performance

The business has a 50-day moving average of $85.81 and a 200-day moving average of $79.81. The firm has a market cap of $87.12 billion, a price-to-earnings ratio of 24.43 and a beta of 1.75.

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