Advantest (OTCMKTS:ATEYY) Shares Gap Up – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $202.70, but opened at $213.00. Advantest shares last traded at $221.12, with a volume of 5,398 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Advantest Stock Up 8.9%

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. The firm’s fifty day moving average is $221.56 and its 200-day moving average is $183.94. The stock has a market capitalization of $161.51 billion, a price-to-earnings ratio of 54.34 and a beta of 2.17.

Advantest (OTCMKTS:ATEYY) last issued its earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. The company had revenue of $2.31 billion for the quarter. On average, sell-side analysts predict that Advantest Corp. will post 6.48 earnings per share for the current year.

About Advantest

Advantest Corporation is a Japan-based manufacturer of semiconductor test systems and measurement equipment. Its products help semiconductor manufacturers and electronics companies evaluate the performance, quality and reliability of integrated circuits throughout the production process.

The company’s offerings include automated test equipment for system-on-chip, memory and other semiconductor devices, as well as test handlers, device interfaces and measurement solutions. Advantest also provides system-level test products and related engineering, maintenance and support services.

Founded in 1954 as Takeda Riken Industry Co, Ltd., the company adopted the name Advantest Corporation in 1985.