Tokyo Electron (OTCMKTS:TOELY) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Shares of Tokyo Electron Ltd. (OTCMKTS:TOELY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $99.70, but opened at $102.98. Tokyo Electron shares last traded at $100.73, with a volume of 8,337 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Tokyo Electron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tokyo Electron currently has an average rating of “Hold”.

Read Our Latest Stock Report on TOELY

Tokyo Electron Price Performance

The stock has a market cap of $92.94 billion, a PE ratio of 25.60 and a beta of 1.90. The business has a 50 day moving average price of $102.88 and a two-hundred day moving average price of $89.91.

Tokyo Electron (OTCMKTS:TOELY – Get Free Report) last issued its earnings results on Friday, October 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. On average, sell-side analysts forecast that Tokyo Electron Ltd. will post 3.23 earnings per share for the current fiscal year.

Tokyo Electron Company Profile

(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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