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

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $150.96, but opened at $137.00. Advantest shares last traded at $141.3250, with a volume of 9,945 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Advantest Trading Down 4.9%

The firm has a 50-day moving average of $160.77 and a 200 day moving average of $134.44. The company has a market cap of $105.09 billion, a P/E ratio of 52.21 and a beta of 2.01.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $1.78 billion during the quarter. On average, equities analysts predict that Advantest Corp. will post 1.61 EPS 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.