Advantest (OTCMKTS:ATEYY) Sees Strong Trading Volume – What’s Next?
by Michael Walen · The Markets DailyAdvantest Corp. (OTCMKTS:ATEYY – Get Free Report) saw unusually-strong trading volume on Friday. 270,629 shares were traded during mid-day trading, an increase of 159% from the previous session’s volume of 104,681 shares. The stock last traded at $215.10 and had previously closed at $226.57.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, Advantest has a consensus rating of “Strong Buy”.
Get Our Latest Research Report on Advantest
Advantest Stock Down 6.9%
The stock has a market cap of $154.45 billion, a price-to-earnings ratio of 51.97 and a beta of 2.17. 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 stock has a fifty day moving average of $222.74 and a two-hundred day moving average of $192.93.
Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The firm 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, analysts predict that Advantest Corp. will post 6.48 EPS for the current fiscal year.
Advantest Company Profile
Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.
The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.