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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $153.90, but opened at $149.40. Advantest shares last traded at $150.62, with a volume of 6,114 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Advantest currently has an average rating of “Moderate Buy”.

Advantest Stock Performance

The stock has a market capitalization of $109.35 billion, a P/E ratio of 54.32 and a beta of 2.01. The stock has a 50-day moving average price of $159.90 and a two-hundred day moving average price of $132.46.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Wednesday, January 28th. The company reported $0.70 EPS for the quarter. The business had revenue of $1.78 billion for the quarter. Equities analysts anticipate that Advantest Corp. will post 1.61 earnings per share for the current fiscal 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.