Tokyo Electron (OTCMKTS:TOELY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Tokyo Electron Limited (OTCMKTS:TOELY) shares crossed 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 trading hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Tokyo Electron to a “strong-buy” rating in a research note on Monday, October 7th.

Tokyo Electron Price Performance

The business has a 50 day simple moving average of $77.84 and a 200 day simple moving average of $84.91. The company 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) last announced its earnings results on Tuesday, November 12th. The company reported $0.86 EPS for the quarter. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Tokyo Electron had a return on equity of 24.79% and a net margin of 21.32%. On average, equities research analysts predict that Tokyo Electron Limited will post 3.23 EPS for the current year.

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.