Advantest (OTCMKTS:ATEYY) Stock Price Down 5.9% – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY) dropped 5.9% during trading on Tuesday . The stock traded as low as $171.23 and last traded at $171.23. Approximately 448 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 75,169 shares. The stock had previously closed at $181.88.

Analysts Set New Price Targets

ATEYY has been the topic of several analyst reports. Wall Street Zen downgraded shares of Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Advantest has a consensus rating of “Buy”.

Advantest Stock Performance

The stock’s 50-day simple moving average is $158.95 and its 200-day simple moving average is $142.91. The firm has a market capitalization of $130.30 billion, a PE ratio of 64.73 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion for the quarter. As a group, analysts predict that Advantest Corp. will post 3.05 earnings per share for the current fiscal 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.