Advantest (OTCMKTS:ATEYY) Shares Gap Down - Here's What Happened

Key Points

• Advantest shares gapped down pre-market Tuesday, opening at $152.2950 versus the prior close of $157.50, but last traded around $156.7050 on a volume of 32,920 shares.
• Zacks Research upgraded the stock from "hold" to "strong-buy" on Jan. 26; overall analyst consensus is a "Moderate Buy" (one Strong Buy, two Hold ratings).
• The company has a market cap of $115.41 billion and a P/E of 57.33, reported quarterly EPS of $0.70 on $1.78 billion in revenue, and is a Japan‑headquartered maker of semiconductor test equipment (50‑day/200‑day MAs: $157.05/$129.16).

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $157.50, but opened at $152.2950. Advantest shares last traded at $156.7050, with a volume of 32,920 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Advantest from a "hold" rating to a "strong-buy" rating in a research note 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Advantest Stock Up 0.1%

The company's fifty day moving average is $157.05 and its 200 day moving average is $129.16. The stock has a market cap of $115.41 billion, a PE ratio of 57.33 and a beta of 2.01.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $1.78 billion for the quarter. Equities analysts expect that Advantest Corp. will post 1.61 EPS 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.

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