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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $166.33, but opened at $184.26. Advantest shares last traded at $186.81, with a volume of 31,811 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded 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 given a Hold rating to the stock. According to MarketBeat, Advantest has a consensus rating of “Buy”.

Advantest Stock Performance

The stock has a market capitalization of $135.01 billion, a P/E ratio of 36.96 and a beta of 2.32. The company has a 50 day simple moving average of $219.12 and a 200-day simple moving average of $187.85. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The company had revenue of $3 billion during the quarter. On average, equities analysts forecast that Advantest Corp. will post 6.48 EPS for the current year.

Advantest Company Profile

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.