Advantest (OTCMKTS:ATEYY) Stock Passes Below 50 Day Moving Average – Time to Sell?

Advantest Co. (OTCMKTS:ATEYY)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $54.43 and traded as low as $35.40. Advantest shares last traded at $35.81, with a volume of 212,624 shares.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein downgraded shares of Advantest from a “strong-buy” rating to a “market perform” rating in a research note on Monday, March 24th.

Advantest Stock Performance

The stock has a market capitalization of $26.43 billion, a PE ratio of 29.35 and a beta of 1.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.78 and a current ratio of 2.94. The firm has a 50 day moving average of $54.43 and a 200-day moving average of $55.57.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.46 EPS for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.15%. Research analysts forecast that Advantest Co. will post 1.61 earnings per share for the current year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.