Short Interest in Tokyo Electron Limited (OTCMKTS:TOELY) Declines By 51.8% – MarketBeat
Tokyo Electron Limited (OTCMKTS:TOELY – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 29,500 shares, a decrease of 51.8% from the May 31st total of 61,200 shares. Based on an average daily volume of 280,700 shares, the days-to-cover ratio is currently 0.1 days.
Shares of TOELY traded up $0.49 during trading hours on Friday, reaching $109.50. The stock had a trading volume of 221,194 shares, compared to its average volume of 195,122. Tokyo Electron has a 52 week low of $63.84 and a 52 week high of $134.91. The firm has a 50-day moving average of $112.12 and a 200 day moving average of $109.62. The company has a market cap of $103.29 billion, a P/E ratio of 40.86 and a beta of 1.48.
Tokyo Electron (OTCMKTS:TOELY – Get Free Report) last released its quarterly earnings data on Friday, May 10th. The company reported $0.82 EPS for the quarter. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Tokyo Electron had a net margin of 19.81% and a return on equity of 21.79%. As a group, equities analysts expect that Tokyo Electron will post 2.91 earnings per share for the current year.
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.
See Also
- Five stocks we like better than Tokyo Electron
- What Are Growth Stocks and Investing in Them
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Are Penny Stocks a Good Fit for Your Portfolio?
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Should you invest $1,000 in Tokyo Electron right now?
Before you consider Tokyo Electron, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Tokyo Electron wasn’t on the list.
While Tokyo Electron currently has a “Strong Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools.
Featured By
345 N Reid Place, Suite 620, Sioux Falls, SD 57103
[email protected]
(844) 978-6257
© MarketBeat Media, LLC® 2010-2024. All rights reserved.
© 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
My Account –
