Tokyo Electron Ltd. (OTCMKTS:TOELY – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 61,623 shares, a decrease of 88.7% from the June 30th total of 544,711 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 617,939 shares, the days-to-cover ratio is currently 0.1 days.
Tokyo Electron Trading Down 5.8%
TOELY stock opened at $188.09 on Friday. The business’s 50-day moving average price is $202.98 and its two-hundred day moving average price is $159.16. The firm has a market cap of $176.07 billion, a PE ratio of 45.54 and a beta of 1.88. Tokyo Electron has a 1-year low of $66.10 and a 1-year high of $249.37.
Analyst Ratings Changes
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 investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Tokyo Electron Company Profile
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.
See Also
- Five stocks we like better than Tokyo Electron
- 2 Stocks Built to Thrive If Inflation Refuses to Fade
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
Receive News & Ratings for Tokyo Electron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tokyo Electron and related companies with MarketBeat.com's FREE daily email newsletter.
