Advantest (OTCMKTS:ATEYY) Shares Gap Up – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) gapped up prior to trading on Thursday . The stock had previously closed at $190.45, but opened at $222.38. Advantest shares last traded at $217.09, with a volume of 8,853 shares.

Analyst Upgrades and Downgrades

ATEYY has been the topic of several recent analyst reports. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Advantest presently has an average rating of “Buy”.

Advantest Stock Performance

The stock has a 50 day moving average of $177.52 and a 200-day moving average of $158.93. The company has a market cap of $156.87 billion, a PE ratio of 63.03 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last posted 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 business had revenue of $2.09 billion for the quarter. Equities research analysts forecast that Advantest Corp. will post 4.95 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.