Advantest (OTCMKTS:ATEYY) Issues Earnings Results

Advantest (OTCMKTS:ATEYY) issued its earnings results on Wednesday. The company reported $1.67 earnings per share for the quarter, Zacks reports. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The business had revenue of $3 billion during the quarter.

Advantest Stock Down 7.0%

Shares of OTCMKTS ATEYY traded down $16.44 during trading on Friday, hitting $218.63. 17,558 shares of the company traded hands, compared to its average volume of 121,920. The business’s fifty day moving average is $221.90 and its 200 day moving average is $185.47. Advantest has a fifty-two week low of $113.38 and a fifty-two week high of $272.50. The firm has a market capitalization of $160.04 billion, a price-to-earnings ratio of 43.81 and a beta of 2.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

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.