Tokyo Electron Limited (OTCMKTS:TOELY - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $77.84 and traded as high as $87.83. Tokyo Electron shares last traded at $87.79, with a volume of 336,318 shares traded.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein upgraded Tokyo Electron to a "strong-buy" rating in a research report on Monday, October 7th.
Read Our Latest Stock Report on TOELY
Tokyo Electron Price Performance
The firm's fifty day moving average is $78.07 and its 200 day moving average is $84.73. The firm has a market capitalization of $80.89 billion, a price-to-earnings ratio of 32.76 and a beta of 1.51.
Tokyo Electron (OTCMKTS:TOELY - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.86 earnings per share for the quarter. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.70 billion. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. Equities research analysts forecast that Tokyo Electron Limited 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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