Advantest (OTCMKTS:ATEYY) Trading Down 6.8% – Time to Sell?

Advantest Corp. (OTCMKTS:ATEYY) was down 6.8% during mid-day trading on Wednesday . The stock traded as low as $192.00 and last traded at $192.68. Approximately 53,423 shares changed hands during trading, a decline of 38% from the average session volume of 86,267 shares. The stock had previously closed at $206.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Advantest Trading Down 4.5%

The company has a market capitalization of $129.34 billion, a P/E ratio of 51.97 and a beta of 2.09. The stock’s fifty day moving average is $180.39 and its 200 day moving average is $161.78.

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