Tokyo Electron (OTCMKTS:TOELY) Stock Passes Below 200-Day Moving Average – Time to Sell?

Tokyo Electron Limited (OTCMKTS:TOELYGet Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Tokyo Electron

Tokyo Electron Trading Down 2.5 %

The stock’s 50 day moving average is $77.10 and its 200 day moving average is $89.96. The stock has a market capitalization of $69.23 billion, a price-to-earnings ratio of 28.04 and a beta of 1.51.

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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