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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $174.4490, but opened at $184.74. Advantest shares last traded at $186.69, with a volume of 12,957 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen lowered Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Advantest has an average rating of “Moderate Buy”.

Advantest Stock Performance

The firm has a 50 day simple moving average of $152.12 and a 200 day simple moving average of $124.19. The firm has a market cap of $126.66 billion, a P/E ratio of 62.92 and a beta of 2.01.

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