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

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped down before the market opened on Monday . The stock had previously closed at $181.88, but opened at $173.2250. Advantest shares last traded at $173.76, with a volume of 26,468 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wall Street Zen downgraded Advantest from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Advantest Trading Down 3.8%

The firm has a fifty day moving average of $159.06 and a two-hundred day moving average of $142.66. The company has a market capitalization of $122.40 billion, a PE ratio of 60.80 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.70 EPS for the quarter. The company had revenue of $1.78 billion during the quarter. On average, equities analysts expect that Advantest Corp. will post 3.05 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.