Tokyo Electron (OTCMKTS:TOELY) Shares Cross Above 50 Day Moving Average – Should You Sell?

Tokyo Electron Limited (OTCMKTS:TOELY)’s share price 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 traded.

Analyst Ratings Changes

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

Tokyo Electron Stock Performance

The company’s 50-day moving average price is $77.84 and its 200-day moving average price is $84.91. The firm has a market capitalization of $80.89 billion, a PE ratio of 32.76 and a beta of 1.51.

Tokyo Electron (OTCMKTS:TOELY) last announced its quarterly 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 company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.70 billion. As a group, analysts anticipate that Tokyo Electron Limited will post 3.23 earnings per share 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.