Advantest (OTCMKTS:ATEYY) Posts Quarterly Earnings Results

Advantest (OTCMKTS:ATEYY) released its quarterly earnings results on Wednesday. The company reported $0.70 earnings per share for the quarter, Zacks reports.

Advantest Stock Up 17.1%

OTCMKTS:ATEYY opened at $190.01 on Thursday. Advantest has a 12 month low of $33.70 and a 12 month high of $195.42. The firm’s 50 day moving average is $133.61 and its 200 day moving average is $110.07.

Analyst Upgrades and Downgrades

Several research firms have commented on ATEYY. Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday. The Goldman Sachs Group lowered Advantest from a “buy” rating to a “neutral” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Advantest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advantest has a consensus rating of “Moderate Buy”.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.