Advantest (OTCMKTS:ATEYY) Shares Gap Down on Analyst Downgrade

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped down before the market opened on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $170.58, but opened at $157.70. Advantest shares last traded at $157.6090, with a volume of 8,431 shares.

A number of other analysts have also recently weighed in on ATEYY. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Advantest Stock Performance

The stock has a market cap of $124.27 billion, a price-to-earnings ratio of 49.93 and a beta of 2.22. The business’s fifty day simple moving average is $163.31 and its 200 day simple moving average is $151.10.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The firm had revenue of $2.09 billion for the quarter. As a group, analysts forecast that Advantest Corp. will post 4.64 EPS 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.