Advantest (OTCMKTS:ATEYY) Stock Price Down 7.3% – Here’s Why

Shares of Advantest Corp. (OTCMKTS:ATEYY) traded down 7.3% during mid-day trading on Monday . The company traded as low as $162.40 and last traded at $164.02. Approximately 14,163 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 75,343 shares. The stock had previously closed at $177.00.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Finally, Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Advantest Trading Down 3.4%

The business’s fifty day simple moving average is $169.07 and its 200 day simple moving average is $154.55. The stock has a market cap of $117.03 billion, a P/E ratio of 47.02 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The firm had revenue of $2.09 billion for the quarter. On average, analysts predict that Advantest Corp. will post 4.64 earnings per share for the current fiscal 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.