Shares of Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) gapped up before the market opened 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 traded.
Wall Street Analyst Weigh In
Separately, Zacks Research raised 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.com, Advantest has an average rating of “Strong Buy”.
Check Out Our Latest Analysis on ATEYY
Advantest Price Performance
The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67. The stock’s fifty day moving average price is $221.94 and its 200-day moving average price is $186.67. The firm has a market cap of $163.72 billion, a PE ratio of 44.82 and a beta of 2.32.
Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The company had revenue of $3 billion during the quarter. As a group, equities analysts forecast that Advantest Corp. will post 6.48 EPS for the current fiscal year.
About Advantest
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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