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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $216.01, but opened at $179.55. Advantest shares last traded at $177.17, with a volume of 23,833 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Advantest Stock Up 8.3%

The firm’s 50-day simple moving average is $220.00 and its 200 day simple moving average is $187.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67. The stock has a market capitalization of $131.86 billion, a P/E ratio of 36.10 and a beta of 2.32.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter. The company had revenue of $3 billion for the quarter. Advantest had a net margin of 39.57% and a return on equity of 67.22%. As a group, research analysts expect that Advantest Corp. will post 6.48 EPS for the current year.

About Advantest

Advantest Corporation is a Japanese technology company that develops and manufactures test equipment used in the semiconductor industry. Its systems help customers evaluate semiconductor devices during production, supporting quality control and the development of increasingly complex chips.

The company’s offerings include automated test equipment for system-on-chip and memory devices, as well as handlers and related products that move and connect devices during testing. Advantest also provides test solutions for electronic components and services that support its equipment.

Founded in Japan in 1954 as Takeda Riken Kogyo, the company adopted the Advantest name in 1985.