Advantest (OTCMKTS:ATEYY) Shares Gap Up – Here’s Why

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped up before the market opened on Wednesday . The stock had previously closed at $155.48, but opened at $174.90. Advantest shares last traded at $173.2550, with a volume of 18,233 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on ATEYY. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Advantest Price Performance

The company has a market capitalization of $124.81 billion, a price-to-earnings ratio of 50.15 and a beta of 2.10. The firm has a 50-day moving average price of $179.02 and a two-hundred day moving average price of $168.19.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%. On average, equities analysts predict that Advantest Corp. will post 4.95 EPS for the current 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.