Shares of Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) saw strong trading volume on Thursday. 486,251 shares traded hands during trading, an increase of 318% from the previous session’s volume of 116,322 shares. The stock last traded at $206.34 and had previously closed at $220.88.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, Advantest presently has a consensus rating of “Strong Buy”.
View Our Latest Stock Report on Advantest
Advantest Price Performance
The stock has a market cap of $150.51 billion, a price-to-earnings ratio of 50.64 and a beta of 2.17. 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’s 50 day simple moving average is $221.85 and its two-hundred day simple moving average is $195.75.
Advantest (OTCMKTS:ATEYY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The company had revenue of $2.31 billion during the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. On average, analysts forecast that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.
Advantest Company Profile
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.
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