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

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $200.48, but opened at $182.89. Advantest shares last traded at $188.85, with a volume of 19,472 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Advantest has a consensus rating of “Buy”.

Advantest Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. The stock has a 50-day moving average price of $219.12 and a 200-day moving average price of $188.11. The firm has a market capitalization of $139.61 billion, a PE ratio of 38.22 and a beta of 2.32.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The firm had revenue of $3 billion during the quarter. On average, research analysts expect that Advantest Corp. will post 6.48 EPS for the current fiscal year.

About Advantest

Advantest Corporation is a Japanese technology company that develops and manufactures test equipment used in the semiconductor industry. Its systems help customers evaluate semiconductor devices during production, supporting quality control and the development of increasingly complex chips. The company’s offerings include automated test equipment for system-on-chip and memory devices, as well as handlers and related products that move and connect devices during testing. Advantest also provides test solutions for electronic components and services that support its equipment.