Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) shares saw unusually-high trading volume on Thursday. Approximately 486,251 shares were traded during mid-day 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. According to MarketBeat.com, Advantest presently has an average rating of “Strong Buy”.
Read Our Latest Analysis on Advantest
Advantest Stock Performance
The stock has a market cap of $148.96 billion, a price-to-earnings ratio of 50.12 and a beta of 2.17. The stock’s 50 day moving average is $222.92 and its two-hundred day moving average is $195.20. The company has a current ratio of 2.67, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09.
Advantest (OTCMKTS:ATEYY – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%. The business had revenue of $2.31 billion during the quarter. Analysts anticipate 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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