Advantest (OTCMKTS:ATEYY) Sees Large Volume Increase – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) shares saw an uptick in trading volume on Monday. 539,700 shares changed hands during mid-day trading, an increase of 445% from the previous session’s volume of 99,011 shares. The stock last traded at $253.00 and had previously closed at $255.19.

Analysts Set New Price Targets

Separately, Zacks Research raised 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 and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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Advantest Price Performance

The stock has a market capitalization of $195.26 billion, a PE ratio of 65.70 and a beta of 2.17. The stock’s 50 day moving average is $215.32 and its two-hundred day moving average is $187.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67.

Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%.The company had revenue of $2.31 billion during the quarter. On average, equities analysts anticipate that Advantest Corp. will post 6.48 EPS for the current fiscal year.

About Advantest

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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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