Advantest (OTCMKTS:ATEYY) Shares Gap Down – Should You Sell?

Shares of Advantest Corp. (OTCMKTS:ATEYY) gapped down before the market opened on Friday . The stock had previously closed at $216.24, but opened at $201.75. Advantest shares last traded at $198.7160, with a volume of 120,836 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ATEYY shares. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report 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, the company has a consensus rating of “Buy”.

Advantest Stock Down 6.7%

The company has a market cap of $147.61 billion, a P/E ratio of 59.31 and a beta of 2.13. The business has a 50-day moving average price of $178.35 and a two-hundred day moving average price of $159.53.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. The business had revenue of $2.09 billion for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. As a group, sell-side analysts expect that Advantest Corp. will post 4.95 EPS 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.