Advantest (OTCMKTS:ATEYY) Trading Down 6.4% - Time to Sell?

Key Points

• Advantest Corp. shares fell by 6.4%, closing at $68.70 after reaching a low of $68.05 during trading on Wednesday.
• Wall Street Zen downgraded Advantest from a "buy" rating to a "hold" rating as of July 7th.
• The company reported earnings of $0.85 per share for the last quarter, with revenue totaling $1.83 billion and a net margin of 19.95%.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report)'s share price was down 6.4% on Wednesday . The company traded as low as $68.05 and last traded at $68.70. Approximately 124,904 shares were traded during trading, a decline of 23% from the average daily volume of 162,375 shares. The stock had previously closed at $73.40.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Advantest from a "hold" rating to a "buy" rating in a report on Saturday.

Advantest Stock Up 0.1%

The business's fifty day moving average is $67.14 and its 200 day moving average is $56.36.

Advantest (OTCMKTS:ATEYY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.85 EPS for the quarter. The company had revenue of $1.83 billion for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.15%. On average, analysts expect that Advantest Corp. will post 1.61 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.