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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $198.32, but opened at $186.71. Advantest shares last traded at $184.60, with a volume of 9,456 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Advantest presently has a consensus rating of “Buy”.

Advantest Price Performance

The stock’s 50-day simple moving average is $161.48 and its two-hundred day simple moving average is $147.59. The firm has a market capitalization of $135.09 billion, a P/E ratio of 54.28 and a beta of 2.22.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.09 billion for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. On average, analysts forecast that Advantest Corp. will post 4.64 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.