Advantest (OTCMKTS:ATEYY) Shares Gap Up – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) gapped up before the market opened on Tuesday . The stock had previously closed at $175.16, but opened at $188.71. Advantest shares last traded at $186.93, with a volume of 9,992 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ATEYY shares. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Advantest has an average rating of “Buy”.

Advantest Price Performance

The company has a market capitalization of $137.76 billion, a P/E ratio of 55.35 and a beta of 2.10. The company has a fifty day moving average price of $179.73 and a 200 day moving average price of $165.34.

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 55.98% and a net margin of 33.21%.The business had revenue of $2.09 billion for the quarter. On average, equities research analysts predict that Advantest Corp. will post 4.95 earnings per share 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.