Advantest (OTCMKTS:ATEYY) Shares Gap Up – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $153.51, but opened at $166.85. Advantest shares last traded at $166.7550, with a volume of 4,083 shares trading hands.

Analyst Ratings Changes

ATEYY has been the subject of a number of recent research reports. Zacks Research cut Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Advantest currently has an average rating of “Moderate Buy”.

Advantest Price Performance

The company has a 50 day moving average price of $168.56 and a two-hundred day moving average price of $154.31. The stock has a market cap of $115.30 billion, a PE ratio of 46.33 and a beta of 2.14.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%.The firm had revenue of $2.09 billion during the quarter. As a group, equities analysts predict that Advantest Corp. will post 4.64 earnings per share 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.