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

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $126.86, but opened at $142.81. Advantest shares last traded at $142.5175, with a volume of 8,525 shares trading hands.

Analysts Set New Price Targets

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

Advantest Stock Performance

The company has a market capitalization of $105.20 billion, a PE ratio of 52.26 and a beta of 2.01. The business has a fifty day moving average price of $160.30 and a 200 day moving average price of $136.55.

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