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

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $166.33, but opened at $184.26. Advantest shares last traded at $186.81, with a volume of 31,811 shares.

Analyst Ratings Changes

Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Advantest Price Performance

The company has a 50 day moving average price of $220.00 and a 200 day moving average price of $187.38. The firm has a market cap of $140.84 billion, a PE ratio of 38.56 and a beta of 2.32. The company has a current ratio of 2.67, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09.

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 firm had revenue of $3 billion during the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. On average, sell-side analysts expect that Advantest Corp. will post 6.48 EPS for the current year.

Advantest Company Profile

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.