Tokyo Electron (OTCMKTS:TOELY) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Tokyo Electron Limited (OTCMKTS:TOELY) 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 trading hands.

Tokyo Electron Stock Performance

The business’s 50-day moving average price is $79.79 and its 200 day moving average price is $79.60. The company has a market cap of $67.96 billion, a P/E ratio of 27.52 and a beta of 1.58.

Tokyo Electron (OTCMKTS:TOELY) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.12 EPS for the quarter. Tokyo Electron had a net margin of 21.32% and a return on equity of 24.79%. Equities research 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.