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

Advantest Corp. (OTCMKTS:ATEYY) gapped down prior to trading on Thursday . The stock had previously closed at $230.60, but opened at $218.43. Advantest shares last traded at $218.77, with a volume of 13,134 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Advantest Trading Up 3.0%

The firm has a market cap of $164.75 billion, a P/E ratio of 55.44 and a beta of 2.11. The business’s fifty day moving average price is $195.32 and its two-hundred day moving average price is $176.08.

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