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

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $230.60, but opened at $218.43. Advantest shares last traded at $218.77, with a volume of 13,134 shares.

Analyst Ratings Changes

Several analysts have recently commented on ATEYY shares. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Advantest Price Performance

The business has a 50 day simple moving average of $193.29 and a 200 day simple moving average of $175.36. The stock has a market cap of $161.65 billion, a PE ratio of 54.39 and a beta of 2.11.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The company had revenue of $2.31 billion during the quarter. Advantest had a net margin of 37.15% and a return on equity of 64.33%. As a group, sell-side analysts forecast that Advantest Corp. will post 4.95 earnings per share 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.