Advantest (OTCMKTS:ATEYY) Shares Gap Up – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up before the market opened on Friday . The stock had previously closed at $169.96, but opened at $179.35. Advantest shares last traded at $178.93, with a volume of 3,041 shares changing hands.

Analysts Set New Price Targets

ATEYY has been the subject of several research reports. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wall Street Zen cut Advantest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Advantest has an average rating of “Moderate Buy”.

Advantest Stock Up 4.1%

The firm has a market cap of $128.51 billion, a P/E ratio of 64.34 and a beta of 2.01. The business has a fifty day moving average of $142.82 and a 200 day moving average of $116.86.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.70 EPS for the quarter. The company had revenue of $1.78 billion during the quarter. On average, sell-side analysts expect that Advantest Corp. will post 1.61 EPS 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.