Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up - Time to Buy?

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $85.66, but opened at $89.20. Tokyo Electron shares last traded at $87.64, with a volume of 13,500 shares trading hands.

Tokyo Electron Stock Up 3.5%

The company has a market cap of $88.22 billion, a PE ratio of 24.74 and a beta of 1.72. The stock has a 50-day simple moving average of $80.04 and a 200 day simple moving average of $78.07.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.03 EPS for the quarter, beating 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 company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.29 billion. As a group, research analysts anticipate that Tokyo Electron Ltd. will post 3.23 earnings per share 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.