Advantest (OTCMKTS:ATEYY) Shares Gap Down – Time to Sell?

Advantest Corp. (OTCMKTS:ATEYY) gapped down prior to trading on Tuesday . The stock had previously closed at $170.58, but opened at $157.70. Advantest shares last traded at $157.6090, with a volume of 8,431 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have commented on ATEYY shares. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Advantest has an average rating of “Buy”.

Advantest Price Performance

The firm’s 50-day moving average price is $162.89 and its 200 day moving average price is $150.75. The firm has a market capitalization of $116.77 billion, a price-to-earnings ratio of 46.92 and a beta of 2.22.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. The business had revenue of $2.09 billion for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. On average, analysts predict that Advantest Corp. will post 4.64 earnings per share for the current fiscal 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.