Advantest (OTCMKTS:ATEYY) Shares Gap Up – Should You Buy?

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $249.96, but opened at $261.50. Advantest shares last traded at $261.5950, with a volume of 3,443 shares.

Analyst Ratings Changes

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

Advantest Stock Performance

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 fifty day moving average price of $218.37 and a two-hundred day moving average price of $189.22. The firm has a market cap of $190.38 billion, a price-to-earnings ratio of 64.06 and a beta of 2.17.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%.The business had revenue of $2.31 billion during the quarter. As a group, equities research analysts expect that Advantest Corp. will post 6.48 EPS for the current year.

About Advantest

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.