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 $196.00, but opened at $180.62. Advantest shares last traded at $182.1250, with a volume of 13,917 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on ATEYY shares. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Monday. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Advantest Price Performance

The company’s 50-day moving average price is $159.57 and its 200-day moving average price is $144.49. The company has a market cap of $133.33 billion, a P/E ratio of 66.24 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. The company had revenue of $2.09 billion for the quarter. On average, equities research analysts predict that Advantest Corp. will post 3.05 EPS for the current year.

Advantest Company Profile

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.