Advantest (OTCMKTS:ATEYY) Stock Price Down 7% – What’s Next?

Shares of Advantest Corp. (OTCMKTS:ATEYY) traded down 7% during mid-day trading on Tuesday . The company traded as low as $138.26 and last traded at $141.40. 33,616 shares traded hands during trading, a decline of 78% from the average session volume of 149,912 shares. The stock had previously closed at $152.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Advantest from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group lowered shares of Advantest from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Advantest Price Performance

The business’s fifty day moving average is $104.07 and its 200-day moving average is $76.83. The firm has a market cap of $103.20 billion, a PE ratio of 72.45 and a beta of 1.84.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion for the quarter. Analysts forecast that Advantest Corp. will post 1.61 EPS for the current year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.