Advantest (OTCMKTS:ATEYY) Shares Gap Up – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up before the market opened on Friday. The stock had previously closed at $249.96, but opened at $261.50. Advantest shares last traded at $261.5950, with a volume of 3,443 shares trading hands.

Analyst Ratings Changes

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

Advantest Trading Up 4.0%

The company has a market cap of $190.38 billion, a P/E ratio of 64.06 and a beta of 2.17. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $218.37 and a two-hundred day moving average price of $189.22.

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

Advantest Company Profile

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.