Tokyo Electron (OTCMKTS:TOELY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Tokyo Electron Limited (OTCMKTS:TOELY)’s share price crossed 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 traded.

Wall Street Analyst Weigh In

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

Tokyo Electron Stock Performance

The business has a fifty day moving average price of $76.02 and a 200 day moving average price of $88.41. The company has a market cap of $70.76 billion, a price-to-earnings ratio of 28.66 and a beta of 1.51.

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.