Advantest (OTCMKTS:ATEYY) Shares Gap Down – Time to Sell?

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $245.45, but opened at $218.80. Advantest shares last traded at $216.5650, with a volume of 11,054 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Advantest Stock Performance

The stock has a 50 day simple moving average of $222.79 and a two-hundred day simple moving average of $193.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. The company has a market capitalization of $152.99 billion, a price-to-earnings ratio of 51.48 and a beta of 2.17.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. The company had revenue of $2.31 billion for the quarter. As a group, analysts anticipate that Advantest Corp. will post 6.48 earnings per share for the current year.

Advantest Company Profile

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.