Advantest (OTCMKTS:ATEYY) Shares Down 7.3% – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY)’s share price traded down 7.3% on Monday . The company traded as low as $162.40 and last traded at $164.02. 14,163 shares traded hands during trading, a decline of 81% from the average session volume of 75,343 shares. The stock had previously closed at $177.00.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research lowered shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Advantest has a consensus rating of “Moderate Buy”.

Advantest Trading Up 8.0%

The business’s 50-day simple moving average is $167.97 and its 200-day simple moving average is $154.01. The company has a market cap of $121.39 billion, a PE ratio of 48.78 and a beta of 2.13.

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 firm had revenue of $2.09 billion during the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. On average, research 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.