Advantest (OTCMKTS:ATEYY) Shares Gap Down - Time to Sell?

Key Points

• Advantest Corp. gapped down in pre-market trading, opening at $116.41, a decline from the previous close of $122.89.
• Equities analysts have upgraded Advantest from a "hold" to a "buy" rating, with a consensus rating of "Buy."
• The company's recent earnings report showed an EPS of $0.85 and expected earnings per share of 1.61 for the current year.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $122.89, but opened at $116.41. Advantest shares last traded at $118.60, with a volume of 40,609 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Advantest from a "hold" rating to a "buy" rating in a research report on Friday, August 8th. Zacks Research upgraded shares of Advantest from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. One analyst has 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 stock has a consensus rating of "Buy".

Advantest Stock Performance

The company has a market cap of $87.24 billion, a PE ratio of 96.89 and a beta of 1.84. The company's 50 day moving average price is $84.46 and its 200-day moving average price is $65.48.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.85 earnings per share for the quarter. The business had revenue of $1.83 billion during the quarter. Equities research analysts expect that Advantest Corp. will post 1.61 EPS for the current 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.

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