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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $174.4490, but opened at $184.74. Advantest shares last traded at $186.69, with a volume of 12,957 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Advantest from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Advantest Trading Up 7.2%

The company has a market capitalization of $136.94 billion, a P/E ratio of 68.03 and a beta of 2.01. The company’s 50 day moving average is $149.73 and its 200-day moving average is $123.37.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The business had revenue of $1.78 billion during the quarter. Analysts predict that Advantest Corp. will post 1.61 EPS 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.