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Tokyo Electron (OTCMKTS:TOELY) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Tokyo Electron logo with Computer and Technology background

Tokyo Electron Ltd. (OTCMKTS:TOELY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $81.95 and traded as high as $94.97. Tokyo Electron shares last traded at $94.39, with a volume of 69,653 shares changing hands.

Tokyo Electron Trading Down 1.8%

The business has a fifty day moving average of $82.35 and a 200-day moving average of $78.64. The company has a market cap of $85.41 billion, a PE ratio of 23.95 and a beta of 1.75.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last issued 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. The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.29 billion. Tokyo Electron had a return on equity of 30.47% and a net margin of 22.37%. As a group, research analysts predict that Tokyo Electron Ltd. will post 3.23 EPS for the current year.

About Tokyo Electron

(Get Free Report)

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.

Further Reading

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