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

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up prior to trading on Thursday. The stock had previously closed at $220.86, but opened at $231.68. Advantest shares last traded at $233.25, with a volume of 5,757 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Advantest Price Performance

The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09. The business’s 50-day simple moving average is $208.63 and its 200 day simple moving average is $184.79. The firm has a market capitalization of $169.88 billion, a P/E ratio of 57.16 and a beta of 2.12.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. The firm had revenue of $2.31 billion during the quarter. Sell-side analysts forecast that Advantest Corp. will post 6.48 earnings per share for the current year.

About Advantest

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.