Advantest (OTCMKTS:ATEYY) Shares Down 5.9% – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY) shares fell 5.9% during mid-day trading on Tuesday . The stock traded as low as $171.23 and last traded at $171.23. 448 shares were traded during mid-day trading, a decline of 99% from the average session volume of 75,169 shares. The stock had previously closed at $181.88.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ATEYY. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wall Street Zen lowered Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Advantest presently has an average rating of “Buy”.

Advantest Stock Down 2.0%

The company has a market capitalization of $124.62 billion, a price-to-earnings ratio of 61.91 and a beta of 2.10. The business has a 50-day moving average price of $159.31 and a two-hundred day moving average price of $142.24.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The business had revenue of $1.78 billion during the quarter. On average, sell-side analysts anticipate that Advantest Corp. will post 3.05 EPS 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.