Advantest (OTCMKTS:ATEYY) Shares Gap Up – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $178.00, but opened at $187.29. Advantest shares last traded at $186.37, with a volume of 2,936 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on ATEYY. Wall Street Zen lowered Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Advantest Stock Up 8.3%

The company has a market cap of $138.30 billion, a PE ratio of 68.71 and a beta of 2.10. The stock’s 50 day simple moving average is $159.24 and its two-hundred day simple moving average is $143.76.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data 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. Analysts forecast that Advantest Corp. will post 3.05 EPS for the current 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.