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

Advantest Corp. (OTCMKTS:ATEYY) gapped down before the market opened on Monday . The stock had previously closed at $198.32, but opened at $186.71. Advantest shares last traded at $184.60, with a volume of 9,456 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ATEYY. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Advantest has an average rating of “Buy”.

Advantest Stock Performance

The stock has a market capitalization of $130.63 billion, a P/E ratio of 52.49 and a beta of 2.22. The stock has a 50-day moving average price of $161.99 and a two-hundred day moving average price of $149.13.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The company had revenue of $2.09 billion for the quarter. Equities analysts anticipate 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.