Tokyo Electron (OTCMKTS:TOELY) Stock Passes Above Fifty Day Moving Average - Time to Sell?

Tokyo Electron Limited (OTCMKTS:TOELY - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $74.86 and traded as high as $83.39. Tokyo Electron shares last traded at $83.22, with a volume of 79,671 shares trading hands.

Tokyo Electron Price Performance

The company has a 50 day simple moving average of $76.31 and a 200-day simple moving average of $77.55. The stock has a market capitalization of $75.88 billion, a P/E ratio of 30.73 and a beta of 1.72.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.29 billion. Tokyo Electron had a net margin of 21.32% and a return on equity of 24.79%. As a group, equities analysts forecast that Tokyo Electron Limited 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.