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

Key Points

• Advantest shares jumped 6.1%, opening at $226.985 after previously closing at $215.90, and last traded near $227.08 on volume of 17,115 shares.
• Analyst sentiment improved after Zacks Research upgraded the stock from “hold” to “strong buy”; MarketBeat reports an average rating of “Strong Buy” from two analysts.
• Advantest reported quarterly revenue of $3 billion and EPS of $1.67, supported by a 39.57% net margin and 67.22% return on equity. Analysts expect full-year EPS of $6.48.

Shares of Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $215.90, but opened at $226.9850. Advantest shares last traded at $227.0750, with a volume of 17,115 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Advantest from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

Advantest Trading Up 6.1%

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. The stock has a market cap of $167.72 billion, a price-to-earnings ratio of 45.92 and a beta of 2.32. The business's 50 day moving average is $221.84 and its 200 day moving average is $185.87.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The business had revenue of $3 billion for the quarter. As a group, equities analysts expect that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation is a Japan-based manufacturer of semiconductor test systems and measurement equipment. Its products help semiconductor manufacturers and electronics companies evaluate the performance, quality and reliability of integrated circuits throughout the production process.

The company's offerings include automated test equipment for system-on-chip, memory and other semiconductor devices, as well as test handlers, device interfaces and measurement solutions. Advantest also provides system-level test products and related engineering, maintenance and support services.

Founded in 1954 as Takeda Riken Industry Co, Ltd., the company adopted the name Advantest Corporation in 1985.

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