Advantest (OTCMKTS:ATEYY) Shares Gap Down – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $230.60, but opened at $218.43. Advantest shares last traded at $218.77, with a volume of 13,134 shares.

Analyst Ratings Changes

A number of research analysts recently commented on ATEYY shares. Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Advantest presently has a consensus rating of “Moderate Buy”.

Advantest Stock Down 4.2%

The company has a market cap of $161.65 billion, a P/E ratio of 54.39 and a beta of 2.11. The company has a 50 day moving average price of $193.29 and a 200-day moving average price of $175.36.

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