Tokyo Electron (OTCMKTS:TOELY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Tokyo Electron Limited (OTCMKTS:TOELY)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $76.07 and traded as high as $76.14. Tokyo Electron shares last traded at $76.14, with a volume of 82,263 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised Tokyo Electron to a “strong-buy” rating in a research note on Monday, October 7th.

Tokyo Electron Trading Up 0.3 %

The stock has a market cap of $70.15 billion, a price-to-earnings ratio of 28.41 and a beta of 1.51. The company has a 50 day simple moving average of $76.07 and a 200-day simple moving average of $88.66.

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.