Advantest (OTCMKTS:ATEYY) Shares Gap Down – Here’s Why

Advantest Corp. (OTCMKTS:ATEYY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $153.90, but opened at $149.40. Advantest shares last traded at $150.62, with a volume of 6,114 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Advantest Stock Performance

The company’s 50 day moving average price is $159.29 and its 200-day moving average price is $131.82. The company has a market cap of $110.39 billion, a price-to-earnings ratio of 54.84 and a beta of 2.01.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, January 28th. The company reported $0.70 EPS for the quarter. The business had revenue of $1.78 billion for the quarter. As a group, sell-side 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.