Advantest (OTCMKTS:ATEYY) Shares Gap Down Following Analyst Downgrade

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped down prior to trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $170.58, but opened at $157.70. Advantest shares last traded at $157.6090, with a volume of 8,431 shares trading hands.

A number of other research analysts have also issued reports on ATEYY. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Advantest Stock Up 3.8%

The company has a market capitalization of $124.27 billion, a price-to-earnings ratio of 49.93 and a beta of 2.22. The stock has a fifty day moving average price of $163.31 and a two-hundred day moving average price of $151.10.

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