Advantest (OTCMKTS:ATEYY) Shares Gap Up – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $144.76, but opened at $153.02. Advantest shares last traded at $155.1850, with a volume of 6,624 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Advantest currently has a consensus rating of “Moderate Buy”.

Advantest Stock Up 7.3%

The stock has a market capitalization of $113.72 billion, a PE ratio of 56.49 and a beta of 2.01. The stock’s 50 day moving average price is $158.97 and its 200-day moving average price is $131.31.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The firm had revenue of $1.78 billion for the quarter. On average, analysts forecast that Advantest Corp. will post 1.61 earnings per share for the current year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.