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Advantest (OTCMKTS:ATEYY) Shares Gap Up - Still a Buy?

Advantest logo with Computer and Technology background

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $71.16, but opened at $77.11. Advantest shares last traded at $74.38, with a volume of 40,232 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ATEYY shares. Wall Street Zen upgraded Advantest from a "hold" rating to a "buy" rating in a research report on Friday, June 13th. Sanford C. Bernstein cut shares of Advantest from a "strong-buy" rating to a "market perform" rating in a research note on Monday, March 24th.

Read Our Latest Stock Analysis on Advantest

Advantest Price Performance

The stock has a market cap of $54.93 billion, a price-to-earnings ratio of 61.00 and a beta of 1.50. The stock's 50-day moving average is $51.07 and its 200-day moving average is $53.40.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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