Tokyo Electron (OTCMKTS:TOELY) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Tokyo Electron Limited (OTCMKTS:TOELY)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $81.72 and traded as high as $85.00. Tokyo Electron shares last traded at $84.15, with a volume of 133,071 shares.

Tokyo Electron Stock Performance

The firm’s 50-day simple moving average is $81.83 and its 200 day simple moving average is $82.14. The stock has a market capitalization of $77.02 billion, a P/E ratio of 31.19 and a beta of 1.52.

Tokyo Electron (OTCMKTS:TOELY) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.12 earnings per share for the quarter. Tokyo Electron had a net margin of 21.32% and a return on equity of 24.79%. As a group, research analysts expect that Tokyo Electron Limited will post 3.23 earnings per share 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.