Advantest Corp. (OTCMKTS:ATEYY – Get Free Report)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $216.01, but opened at $179.55. Advantest shares last traded at $177.17, with a volume of 23,833 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat, Advantest currently has a consensus rating of “Strong Buy”.
Read Our Latest Analysis on ATEYY
Advantest Stock Down 21.9%
The company has a market cap of $123.51 billion, a P/E ratio of 33.81 and a beta of 2.32. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $221.93 and a 200 day moving average of $187.03.
Advantest (OTCMKTS:ATEYY – Get Free Report) last announced its earnings results 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%. On average, research analysts anticipate that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.
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.
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