Advantest (OTCMKTS:ATEYY) Shares Gap Down – Should You Sell?

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped down prior to trading on Monday . The stock had previously closed at $186.31, but opened at $177.30. Advantest shares last traded at $177.00, with a volume of 3,385 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATEYY. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Sanford C. Bernstein raised 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Advantest Price Performance

The business has a 50 day simple moving average of $180.17 and a 200-day simple moving average of $164.20. The stock has a market capitalization of $130.65 billion, a price-to-earnings ratio of 52.49 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%.The company had revenue of $2.09 billion for the quarter. As a group, equities analysts predict that Advantest Corp. will post 4.95 earnings per share 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.