Tokyo Electron (OTCMKTS:TOELY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Tokyo Electron Limited (OTCMKTS:TOELY)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $80.15 and traded as low as $72.06. Tokyo Electron shares last traded at $74.68, with a volume of 110,915 shares traded.

Tokyo Electron Stock Performance

The company has a market capitalization of $68.81 billion, a price-to-earnings ratio of 27.87 and a beta of 1.58. The business’s 50-day simple moving average is $80.15 and its 200-day simple moving average is $79.63.

Tokyo Electron (OTCMKTS:TOELY) last announced 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%. On average, analysts forecast 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.