Advantest (OTCMKTS:ATEYY) Sees Strong Trading Volume – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares saw unusually-high trading volume on Wednesday . Approximately 138,802 shares were traded during trading, an increase of 35% from the previous session’s volume of 102,973 shares.The stock last traded at $205.12 and had previously closed at $200.8450.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Advantest Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67. The stock’s fifty day moving average price is $198.58 and its 200-day moving average price is $178.82. The company has a market capitalization of $153.70 billion, a P/E ratio of 51.72 and a beta of 2.12.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The business had revenue of $2.31 billion during the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%. As a group, research analysts anticipate that Advantest Corp. will post 4.95 EPS for the current fiscal year.

Advantest Company Profile

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.