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

Advantest Corp. (OTCMKTS:ATEYY) gapped down before the market opened on Tuesday . The stock had previously closed at $136.2650, but opened at $126.00. Advantest shares last traded at $128.65, with a volume of 7,907 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen lowered shares of Advantest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, The Goldman Sachs Group lowered Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Advantest has a consensus rating of “Moderate Buy”.

Advantest Price Performance

The stock has a 50 day simple moving average of $109.86 and a 200-day simple moving average of $80.19. The firm has a market cap of $94.66 billion, a PE ratio of 52.14 and a beta of 1.94.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.74 earnings per share for the quarter. The company had revenue of $1.78 billion for the quarter. As a group, equities analysts predict that Advantest Corp. will post 1.61 EPS for the current fiscal year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.