TOKYO ELECTRON/ADR (OTCMKTS:TOELY) Share Price Crosses Above 50-Day Moving Average of $35.70

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TOKYO ELECTRON/ADR (OTCMKTS:TOELY)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $35.70 and traded as high as $33.86. TOKYO ELECTRON/ADR shares last traded at $33.75, with a volume of 6,863 shares traded.

Separately, Zacks Investment Research raised shares of TOKYO ELECTRON/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd.

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About TOKYO ELECTRON/ADR (OTCMKTS:TOELY)

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, distributes, and sells semiconductor and flat panel display (FPD) production equipment in Japan, North America, Europe, South Korea, Taiwan, China, and internationally. The company's Semiconductor Production Equipment segment offers coaters/developers, plasma etch systems, and single wafer deposition systems and cleaning systems used in wafer processing; wafer probers used in wafer testing process; and electrochemical deposition systems and wafer bonders/debonders used in packaging processes.

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