Advantest (OTCMKTS:ATEYY) Shares Gap Down – Here’s What Happened

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped down before the market opened on Thursday. The stock had previously closed at $245.45, but opened at $218.80. Advantest shares last traded at $216.5650, with a volume of 11,054 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Advantest presently has an average rating of “Strong Buy”.

Advantest Trading Down 9.6%

The stock has a market cap of $162.36 billion, a P/E ratio of 54.63 and a beta of 2.17. The firm’s 50 day simple moving average is $222.36 and its two-hundred day simple moving average is $192.28. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The business had revenue of $2.31 billion during the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. As a group, equities research analysts predict that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.

About Advantest

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.