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

Advantest Corp. (OTCMKTS:ATEYY) shares gapped up before the market opened on Friday . The stock had previously closed at $158.46, but opened at $164.00. Advantest shares last traded at $156.79, with a volume of 5,981 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One equities 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 data from MarketBeat.com, Advantest currently has an average rating of “Moderate Buy”.

Advantest Stock Performance

The company’s 50 day moving average price is $156.42 and its 200-day moving average price is $128.18. The stock has a market cap of $113.17 billion, a P/E ratio of 56.22 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 for the quarter. The firm had revenue of $1.78 billion for the quarter. On average, analysts forecast 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.