Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $188.11 and traded as high as $203.45. Advantest shares last traded at $200.48, with a volume of 107,294 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Advantest from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.
Check Out Our Latest Stock Report on Advantest
Advantest Price Performance
The firm has a market cap of $146.75 billion, a PE ratio of 40.18 and a beta of 2.32. The firm has a fifty day simple moving average of $219.12 and a two-hundred day simple moving average of $188.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67.
Advantest (OTCMKTS:ATEYY – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter. The business had revenue of $3 billion for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. Equities analysts predict that Advantest Corp. will post 6.48 EPS for the current fiscal year.
Advantest Company Profile
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.
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