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

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped up before the market opened on Thursday. The stock had previously closed at $220.86, but opened at $231.68. Advantest shares last traded at $233.25, with a volume of 5,757 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Advantest Stock Up 5.1%

The company has a market cap of $169.88 billion, a PE ratio of 57.16 and a beta of 2.12. The stock has a 50-day moving average of $208.63 and a 200-day moving average of $184.79. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%.The business had revenue of $2.31 billion during the quarter. Sell-side analysts predict that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.

About Advantest

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.