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

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $144.00, but opened at $134.00. Advantest shares last traded at $130.7950, with a volume of 6,967 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Advantest Stock Performance

The business has a 50 day moving average price of $160.38 and a 200-day moving average price of $136.60. The company has a market capitalization of $99.30 billion, a price-to-earnings ratio of 49.33 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last issued its earnings results on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The business had revenue of $1.78 billion during the quarter. As a group, equities analysts predict that Advantest Corp. will post 1.61 EPS for the current fiscal year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.