Advantest (OTCMKTS:ATEYY) Shares Gap Down – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $177.00, but opened at $164.2025. Advantest shares last traded at $164.25, with a volume of 33,991 shares traded.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATEYY. Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Advantest presently has a consensus rating of “Moderate Buy”.

Advantest Trading Down 8.5%

The stock has a 50 day simple moving average of $167.85 and a 200-day simple moving average of $153.81. The firm has a market capitalization of $118.55 billion, a P/E ratio of 47.64 and a beta of 2.13.

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