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

Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $215.90, but opened at $226.9850. Advantest shares last traded at $227.0750, with a volume of 17,115 shares traded.

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 research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, Advantest currently has an average rating of “Strong Buy”.

Read Our Latest Stock Report on ATEYY

Advantest Stock Performance

The firm has a market capitalization of $167.72 billion, a price-to-earnings ratio of 45.92 and a beta of 2.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67. The firm’s 50-day moving average price is $221.84 and its two-hundred day moving average price is $185.87.

Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $3 billion during the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. Sell-side analysts predict that Advantest Corp. will post 6.48 earnings per share for the current year.

About Advantest

(Get Free Report)

Advantest Corporation is a Japan-based manufacturer of semiconductor test systems and measurement equipment. Its products help semiconductor manufacturers and electronics companies evaluate the performance, quality and reliability of integrated circuits throughout the production process.

The company’s offerings include automated test equipment for system-on-chip, memory and other semiconductor devices, as well as test handlers, device interfaces and measurement solutions. Advantest also provides system-level test products and related engineering, maintenance and support services.

Founded in 1954 as Takeda Riken Industry Co, Ltd., the company adopted the name Advantest Corporation in 1985.

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