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

Advantest logo with Computer and Technology background

Key Points

  • Shares of Advantest Corp. gapped up from a previous closing price of $70.09 to open at $75.00 on Tuesday, with the latest trade at $75.16.
  • Wall Street analysts have downgraded Advantest from a "buy" rating to a "hold" rating, highlighting concerns about future growth prospects.
  • The company's latest earnings report showed an EPS of $0.85 and a net margin of 19.95%, with analysts predicting an EPS of 1.61 for the current fiscal year.
  • MarketBeat previews the top five stocks to own by September 1st.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $70.09, but opened at $75.00. Advantest shares last traded at $75.16, with a volume of 15,147 shares traded.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Advantest

Advantest Stock Performance

The company has a 50-day moving average of $67.14 and a 200-day moving average of $56.38.

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

Advantest Company Profile

(Get Free Report)

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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