Tokyo Electron (OTCMKTS:TOELY) Sees Strong Trading Volume – Here’s What Happened

Tokyo Electron Ltd. (OTCMKTS:TOELY) shares saw unusually-strong trading volume on Wednesday . Approximately 194,413 shares were traded during trading, an increase of 27% from the previous session’s volume of 153,202 shares.The stock last traded at $104.00 and had previously closed at $99.75.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Tokyo Electron from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Tokyo Electron Trading Up 1.8%

The stock’s 50-day moving average price is $101.44 and its 200-day moving average price is $88.60. The stock has a market cap of $99.69 billion, a price-to-earnings ratio of 27.46 and a beta of 1.90.

Tokyo Electron (OTCMKTS:TOELY) last announced its earnings results on Friday, October 31st. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.06 billion. Tokyo Electron had a net margin of 21.74% and a return on equity of 28.36%. As a group, analysts predict that Tokyo Electron Ltd. will post 3.23 earnings per share for the current year.

Tokyo Electron Company Profile

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.