Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) saw strong trading volume on Friday. 270,629 shares traded hands during trading, an increase of 159% from the previous session’s volume of 104,681 shares. The stock last traded at $215.10 and had previously closed at $226.57.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.
Read Our Latest Analysis on ATEYY
Advantest Stock Down 6.9%
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 firm’s 50-day moving average price is $222.74 and its 200 day moving average price is $192.93. The firm has a market capitalization of $154.45 billion, a price-to-earnings ratio of 51.97 and a beta of 2.17.
Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%. The business had revenue of $2.31 billion for the quarter. Sell-side analysts expect that Advantest Corp. will post 6.48 EPS for the current year.
About Advantest
Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.
The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.
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