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

Advantest Corp. (OTCMKTS:ATEYY) gapped up prior to trading on Tuesday. The stock had previously closed at $202.70, but opened at $213.00. Advantest shares last traded at $221.12, with a volume of 5,398 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Advantest Stock Up 7.7%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67. The company has a market capitalization of $177.38 billion, a price-to-earnings ratio of 59.68 and a beta of 2.17. The firm’s 50-day simple moving average is $221.81 and its 200-day simple moving average is $184.97.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. Sell-side analysts forecast that Advantest Corp. will post 6.48 earnings per share for the current year.

About Advantest

Advantest Corporation is a Japan-based manufacturer of semiconductor test systems and measurement equipment. Its products help semiconductor manufacturers and electronics companies evaluate the performance, quality and reliability of integrated circuits throughout the production process.

The company’s offerings include automated test equipment for system-on-chip, memory and other semiconductor devices, as well as test handlers, device interfaces and measurement solutions. Advantest also provides system-level test products and related engineering, maintenance and support services.

Founded in 1954 as Takeda Riken Industry Co, Ltd., the company adopted the name Advantest Corporation in 1985.