Advantest (OTCMKTS:ATEYY) Shares Gap Up – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $169.96, but opened at $179.35. Advantest shares last traded at $178.93, with a volume of 3,041 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Wall Street Zen downgraded Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Advantest Stock Up 5.7%

The company’s 50-day simple moving average is $143.80 and its 200 day simple moving average is $117.93. The stock has a market capitalization of $130.51 billion, a price-to-earnings ratio of 65.33 and a beta of 2.01.

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