Advantest (OTCMKTS:ATEYY – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $1.67 EPS for the quarter, Zacks reports.
Advantest Trading Up 4.2%
ATEYY traded up $9.55 during trading on Wednesday, hitting $234.55. 179,997 shares of the company traded hands, compared to its average volume of 121,523. The company has a market cap of $171.69 billion, a PE ratio of 57.77 and a beta of 2.17. The stock’s 50-day simple moving average is $221.31 and its two-hundred day simple moving average is $184.41. Advantest has a 1 year low of $113.38 and a 1 year high of $272.50.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Get Our Latest Analysis on ATEYY
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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