Tokyo Electron (OTCMKTS:TOELY) Shares Pass Above Fifty Day Moving Average – Here’s Why

Tokyo Electron Limited (OTCMKTS:TOELY)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $80.57 and traded as high as $86.49. Tokyo Electron shares last traded at $86.05, with a volume of 177,011 shares traded.

Tokyo Electron Price Performance

The stock has a fifty day moving average of $80.57 and a 200 day moving average of $82.90. The firm has a market capitalization of $79.28 billion, a P/E ratio of 32.11 and a beta of 1.51.

Tokyo Electron (OTCMKTS:TOELY) last released its earnings results on Tuesday, November 12th. The company reported $0.86 earnings per share (EPS) for the quarter. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.70 billion. Equities analysts forecast that Tokyo Electron Limited will post 3.23 EPS for the current fiscal year.

Tokyo Electron Company Profile

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.