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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $175.16, but opened at $188.71. Advantest shares last traded at $186.93, with a volume of 9,992 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Advantest Trading Up 5.2%

The stock has a market cap of $134.83 billion, a price-to-earnings ratio of 54.17 and a beta of 2.10. The stock’s 50-day moving average price is $179.93 and its 200-day moving average price is $164.54.

Advantest (OTCMKTS:ATEYY) last posted 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 55.98%. The company had revenue of $2.09 billion for the quarter. As a group, analysts predict that Advantest Corp. will post 4.95 earnings per share 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.