Tokyo Electron (OTCMKTS:TOELY) Shares Gap Down – Here’s What Happened

Tokyo Electron Ltd. (OTCMKTS:TOELY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $228.26, but opened at $217.00. Tokyo Electron shares last traded at $217.31, with a volume of 150,363 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Tokyo Electron Price Performance

The stock’s 50 day moving average is $196.67 and its two-hundred day moving average is $154.21. The stock has a market capitalization of $207.12 billion, a PE ratio of 53.58 and a beta of 1.88.

About Tokyo Electron

Tokyo Electron (OTCMKTS:TOELY) is a Japan-based manufacturer of equipment and services for the semiconductor and flat-panel display industries. The company develops, produces and sells a broad range of wafer fabrication tools used across front-end and back-end semiconductor processes, including equipment for etch, deposition, thermal processing, wafer cleaning and inspection, as well as production systems for advanced packaging and assembly. In addition to semiconductor tools, Tokyo Electron supplies production equipment and process solutions for flat-panel displays and related display technologies.

Beyond capital equipment, Tokyo Electron provides lifecycle services such as installation, maintenance, spare parts, process support and software solutions aimed at maximizing tool uptime and process yield.