Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) shot up 10.9% on Friday. The stock traded as high as $184.4111 and last traded at $184.4111. 9,228 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 122,865 shares. The stock had previously closed at $166.33.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of 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. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.
Read Our Latest Stock Analysis on Advantest
Advantest Price Performance
The stock’s fifty day moving average is $220.77 and its 200-day moving average is $187.14. 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 capitalization of $134.58 billion, a PE ratio of 36.84 and a beta of 2.32.
Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. Advantest had a net margin of 39.57% and a return on equity of 67.22%. The company had revenue of $3 billion during the quarter. As a group, equities analysts predict that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.
About Advantest
Advantest Corporation is a Japanese technology company that develops and manufactures test equipment used in the semiconductor industry. Its systems help customers evaluate semiconductor devices during production, supporting quality control and the development of increasingly complex chips.
The company’s offerings include automated test equipment for system-on-chip and memory devices, as well as handlers and related products that move and connect devices during testing. Advantest also provides test solutions for electronic components and services that support its equipment.
Founded in Japan in 1954 as Takeda Riken Kogyo, the company adopted the Advantest name in 1985.
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