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

Advantest Corp. (OTCMKTS:ATEYY) gapped down before the market opened on Thursday. The stock had previously closed at $245.45, but opened at $218.80. Advantest shares last traded at $216.5650, with a volume of 11,054 shares.

Wall Street Analysts Forecast Growth

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

Advantest Trading Down 9.6%

The firm has a market capitalization of $162.36 billion, a P/E ratio of 54.63 and a beta of 2.17. The business’s 50 day moving average is $222.36 and its two-hundred day moving average is $192.28. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The firm had revenue of $2.31 billion for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. Analysts expect that Advantest Corp. will post 6.48 EPS 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.