Advantest (OTCMKTS:ATEYY) Shares Gap Up – Here’s Why

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $190.45, but opened at $222.38. Advantest shares last traded at $217.09, with a volume of 8,853 shares trading hands.

Analyst Upgrades and Downgrades

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

Advantest Stock Performance

The business has a fifty day simple moving average of $178.88 and a 200-day simple moving average of $159.82. The firm has a market cap of $146.94 billion, a price-to-earnings ratio of 59.04 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. The firm had revenue of $2.09 billion for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. On average, equities analysts anticipate that Advantest Corp. will post 4.95 earnings per share for the current 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.