Advantest (OTCMKTS:ATEYY) Shares Gap Down – Should You Sell?

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $186.31, but opened at $177.30. Advantest shares last traded at $177.00, with a volume of 3,385 shares.

Analyst Upgrades and Downgrades

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

Advantest Stock Down 4.2%

The firm has a fifty day moving average of $180.17 and a 200-day moving average of $164.20. The firm has a market cap of $130.65 billion, a P/E ratio of 52.49 and a beta of 2.10.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%.The firm had revenue of $2.09 billion during the quarter. Sell-side analysts anticipate that Advantest Corp. will post 4.95 EPS for the current year.

Advantest Company Profile

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.