Advantest (OTCMKTS:ATEYY) Trading 10.4% Higher – Still a Buy?

Advantest Corp. (OTCMKTS:ATEYY)’s stock price traded up 10.4% during mid-day trading on Thursday . The company traded as high as $160.93 and last traded at $159.76. 17,504 shares were traded during trading, a decline of 77% from the average session volume of 75,669 shares. The stock had previously closed at $144.72.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research lowered Advantest from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Finally, Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Advantest Trading Up 4.1%

The stock has a 50-day simple moving average of $170.68 and a 200-day simple moving average of $155.18. The company has a market cap of $128.10 billion, a price-to-earnings ratio of 51.47 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%.The company had revenue of $2.09 billion during the quarter. As a group, research analysts expect that Advantest Corp. will post 4.64 EPS for the current fiscal year.

About Advantest

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.