Tokyo Electron (OTCMKTS:TOELY) Stock Passes Below 200 Day Moving Average - Here's Why

Tokyo Electron Limited (OTCMKTS:TOELY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $89.96 and traded as low as $74.70. Tokyo Electron shares last traded at $75.14, with a volume of 131,649 shares.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded Tokyo Electron to a "strong-buy" rating in a report on Monday, October 7th.

Tokyo Electron Stock Down 1.2 %

The stock has a market capitalization of $68.41 billion, a P/E ratio of 27.71 and a beta of 1.51. The stock has a 50 day simple moving average of $76.87 and a two-hundred day simple moving average of $89.85.

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.