Advantest (OTCMKTS:ATEYY) Stock Price Down 7% – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY) was down 7% during mid-day trading on Tuesday . The company traded as low as $138.26 and last traded at $141.40. Approximately 33,616 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 149,912 shares. The stock had previously closed at $152.06.

Wall Street Analyst Weigh In

Several equities analysts have commented on ATEYY shares. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. The Goldman Sachs Group cut shares of Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Advantest from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Advantest Trading Down 8.0%

The stock’s 50-day moving average is $104.07 and its 200-day moving average is $76.83. The firm has a market capitalization of $103.20 billion, a price-to-earnings ratio of 72.45 and a beta of 1.84.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion for the quarter. On average, equities research analysts anticipate that Advantest Corp. will post 1.61 EPS for the current fiscal year.

About Advantest

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.