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

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $217.25, but opened at $232.01. Advantest shares last traded at $230.2845, with a volume of 5,418 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Advantest Price Performance

The stock has a market cap of $168.42 billion, a price-to-earnings ratio of 56.67 and a beta of 2.11. The firm’s 50-day moving average is $191.57 and its 200 day moving average is $174.97.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The firm had revenue of $2.31 billion during the quarter. Advantest had a return on equity of 64.33% and a net margin of 37.15%. On average, sell-side analysts forecast that Advantest Corp. will post 4.95 EPS 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.