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

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $153.51, but opened at $166.85. Advantest shares last traded at $166.7550, with a volume of 4,083 shares.

Analyst Upgrades and Downgrades

ATEYY has been the subject of several research analyst reports. Zacks Research lowered Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Advantest Stock Down 4.8%

The company has a fifty day simple moving average of $168.56 and a 200-day simple moving average of $154.31. The firm has a market cap of $115.30 billion, a P/E ratio of 46.33 and a beta of 2.14.

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