Advantest (OTCMKTS:ATEYY) Shares Gap Up – Still a Buy?

Advantest Corp. (OTCMKTS:ATEYY) gapped up before the market opened on Wednesday . The stock had previously closed at $162.24, but opened at $181.19. Advantest shares last traded at $190.00, with a volume of 33,665 shares traded.

Wall Street Analyst Weigh In

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. The Goldman Sachs Group lowered shares of Advantest from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Advantest Price Performance

The firm’s 50-day simple moving average is $134.65 and its 200-day simple moving average is $110.52.

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