Tokyo Electron (OTCMKTS:TOELY) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Tokyo Electron Ltd. shares have recently surpassed their 200-day moving average, indicating a potential uptick in performance, with the stock trading as high as $102.60.
• Following an evaluation, Zacks Research downgraded the stock's rating from "hold" to "strong sell," reflecting a bearish outlook among analysts.
• In its most recent earnings report, Tokyo Electron missed analysts' earnings expectations, reporting $0.86 earnings per share against a consensus estimate of $0.89.

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $80.84 and traded as high as $102.60. Tokyo Electron shares last traded at $101.75, with a volume of 138,942 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Tokyo Electron from a "hold" rating to a "strong sell" rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Tokyo Electron Price Performance

The stock has a 50 day simple moving average of $81.26 and a two-hundred day simple moving average of $80.84. The company has a market cap of $93.75 billion, a PE ratio of 26.16 and a beta of 1.89.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). Tokyo Electron had a net margin of 22.07% and a return on equity of 28.97%. The firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $4.10 billion. Tokyo Electron has set its FY 2025 guidance at 6.700-6.700 EPS. 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.

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