Advantest (OTCMKTS:ATEYY) Stock Price Down 7.3% – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price dropped 7.3% during mid-day trading on Monday . The stock traded as low as $162.40 and last traded at $164.02. Approximately 14,163 shares changed hands during trading, a decline of 81% from the average daily volume of 75,343 shares. The stock had previously closed at $177.00.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research cut Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Advantest has an average rating of “Moderate Buy”.

Advantest Stock Up 8.0%

The business has a 50-day moving average price of $167.97 and a 200-day moving average price of $154.01. The firm has a market capitalization of $121.39 billion, a price-to-earnings ratio of 48.78 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The firm had revenue of $2.09 billion for the quarter. On average, equities research analysts forecast that Advantest Corp. will post 4.64 earnings per share for the current 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.