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Tokyo Electron (OTCMKTS:TOELY) Stock Crosses 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 share 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 Up 1.7%

The company has a market cap of $86.97 billion, a price-to-earnings ratio of 24.39 and a beta of 1.75. The stock has a 50-day simple moving average of $81.95 and a 200-day simple moving average of $78.47.

Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Tokyo Electron had a net margin of 22.37% and a return on equity of 30.47%. The firm had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.29 billion. As a group, research analysts expect that Tokyo Electron Ltd. will post 3.23 EPS for the current fiscal 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.

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