Tokyo Electron Ltd. (OTCMKTS:TOELY – Get Free Report) shares traded down 9.4% during trading on Wednesday . The company traded as low as $150.24 and last traded at $150.24. Approximately 77,647 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 244,191 shares. The stock had previously closed at $165.90.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Tokyo Electron from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
Read Our Latest Report on Tokyo Electron
Tokyo Electron Trading Down 6.4%
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.
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