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

Advantest Corp. (OTCMKTS:ATEYY) gapped down prior to trading on Thursday. The stock had previously closed at $200.48, but opened at $182.89. Advantest shares last traded at $188.85, with a volume of 19,472 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Advantest Stock Down 4.9%

The company has a current ratio of 2.67, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The stock has a market cap of $139.61 billion, a PE ratio of 38.22 and a beta of 2.32. The business has a 50 day moving average of $219.12 and a 200-day moving average of $188.11.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The business had revenue of $3 billion during the quarter. Equities research analysts predict that Advantest Corp. will post 6.48 EPS for the current fiscal year.

About Advantest

Advantest Corporation is a Japanese technology company that develops and manufactures test equipment used in the semiconductor industry. Its systems help customers evaluate semiconductor devices during production, supporting quality control and the development of increasingly complex chips. The company’s offerings include automated test equipment for system-on-chip and memory devices, as well as handlers and related products that move and connect devices during testing. Advantest also provides test solutions for electronic components and services that support its equipment.