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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $217.25, but opened at $232.01. Advantest shares last traded at $230.2845, with a volume of 5,418 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wall Street Zen raised 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 report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Advantest Trading Down 5.2%

The stock has a market cap of $159.99 billion, a P/E ratio of 53.83 and a beta of 2.11. The business’s fifty day simple moving average is $194.31 and its 200 day simple moving average is $175.73.

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