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

Advantest Corp. (OTCMKTS:ATEYY) gapped up before the market opened on Tuesday . The stock had previously closed at $175.16, but opened at $188.71. Advantest shares last traded at $186.93, with a volume of 9,992 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on ATEYY. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Advantest Stock Performance

The business’s fifty day moving average is $179.93 and its 200-day moving average is $164.54. The firm has a market cap of $134.83 billion, a P/E ratio of 54.17 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a net margin of 33.21% and a return on equity of 55.98%. The firm had revenue of $2.09 billion for the quarter. Analysts predict that Advantest Corp. will post 4.95 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.