Advantest (OTCMKTS:ATEYY) Shares Gap Up – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY) gapped up prior to trading on Wednesday . The stock had previously closed at $174.4490, but opened at $184.74. Advantest shares last traded at $186.69, with a volume of 12,957 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ATEYY shares. Wall Street Zen lowered Advantest from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Advantest has a consensus rating of “Moderate Buy”.

Advantest Trading Up 7.2%

The company’s 50 day simple moving average is $149.73 and its 200-day simple moving average is $123.37. The firm has a market cap of $136.94 billion, a P/E ratio of 68.03 and a beta of 2.01.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The company had revenue of $1.78 billion for the quarter. On average, sell-side analysts anticipate that Advantest Corp. will post 1.61 earnings per share 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.