Tokyo Electron (OTC:TOELY) Shares Down 7.1% – Time to Sell?

Tokyo Electron Ltd. (OTC:TOELY)’s share price traded down 7.1% during trading on Friday . The stock traded as low as $59.80 and last traded at $60.66. 268,636 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 146,085 shares. The stock had previously closed at $65.33.

Tokyo Electron Trading Down 7.1 %

The stock has a market capitalization of $55.89 billion, a P/E ratio of 16.18 and a beta of 1.67. The firm has a fifty day moving average of $77.13.

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.