Advantest (OTCMKTS:ATEYY) Shares Gap Down – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $150.96, but opened at $137.00. Advantest shares last traded at $141.3250, with a volume of 9,945 shares changing hands.

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 equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Advantest Stock Down 4.9%

The business’s 50 day simple moving average is $160.77 and its two-hundred day simple moving average is $134.44. The stock has a market cap of $105.09 billion, a P/E ratio of 52.21 and a beta of 2.01.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.70 EPS for the quarter. The firm had revenue of $1.78 billion during the quarter. As a group, research analysts forecast that Advantest Corp. will post 1.61 earnings per share for the current fiscal 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.