Advantest (OTCMKTS:ATEYY) Shares Gap Up – Here’s Why

Advantest Corp. (OTCMKTS:ATEYY) gapped up prior to trading on Wednesday . The stock had previously closed at $126.86, but opened at $142.81. Advantest shares last traded at $142.5175, with a volume of 8,525 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Advantest Trading Down 5.8%

The firm has a fifty day simple moving average of $160.17 and a two-hundred day simple moving average of $136.59. The stock has a market cap of $99.29 billion, a PE ratio of 49.32 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data 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 forecast that Advantest Corp. will post 1.61 earnings per share for the current 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.