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

Advantest Corp. (OTCMKTS:ATEYY) shares gapped down before the market opened 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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Advantest Price Performance

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

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 company had revenue of $2.09 billion for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. On average, analysts forecast that Advantest Corp. will post 4.64 EPS for the current 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.