Advantest (OTCMKTS:ATEYY) Shares Gap Down – Time to Sell?

Advantest Corp. (OTCMKTS:ATEYY) gapped down before the market opened on Thursday . The stock had previously closed at $176.55, but opened at $167.20. Advantest shares last traded at $165.73, with a volume of 23,593 shares traded.

Analyst Upgrades and Downgrades

ATEYY has been the subject of a number of recent research reports. Wall Street Zen cut Advantest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One 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, Advantest currently has a consensus rating of “Moderate Buy”.

Advantest Stock Performance

The stock has a fifty day moving average of $147.94 and a 200-day moving average of $121.23. The company has a market cap of $120.76 billion, a PE ratio of 60.45 and a beta of 2.01.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Wednesday, January 28th. The company reported $0.70 earnings per share for the quarter. The business had revenue of $1.78 billion for the quarter. As a group, equities analysts anticipate that Advantest Corp. will post 1.61 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.