Advantest (OTCMKTS:ATEYY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Advantest Corp. (OTCMKTS:ATEYY) saw unusually-strong trading volume on Monday . 424,213 shares were traded during trading, an increase of 348% from the previous session’s volume of 94,748 shares.The stock last traded at $187.07 and had previously closed at $176.70.

Wall Street Analysts Forecast Growth

ATEYY has been the topic of several research analyst reports. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Advantest Price Performance

The company has a market cap of $136.74 billion, a PE ratio of 54.94 and a beta of 2.10. The business has a fifty day simple moving average of $180.37 and a two-hundred day simple moving average of $162.15.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. The firm had revenue of $2.09 billion during the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%. On average, equities research analysts predict that Advantest Corp. will post 4.95 EPS for the current year.

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.