Advantest (OTCMKTS:ATEYY) Trading Down 5.4% – Should You Sell?

Advantest Corp. (OTCMKTS:ATEYY) traded down 5.4% during trading on Friday . The stock traded as low as $174.93 and last traded at $176.88. 8,628 shares were traded during mid-day trading, a decline of 88% from the average session volume of 74,607 shares. The stock had previously closed at $187.00.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Advantest Stock Down 4.0%

The company’s fifty day moving average is $160.21 and its 200 day moving average is $145.55. The stock has a market cap of $131.38 billion, a PE ratio of 52.79 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results 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. Equities analysts expect 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.