Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) shares gapped up prior to trading on Monday. The stock had previously closed at $166.33, but opened at $184.26. Advantest shares last traded at $186.81, with a volume of 31,811 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.
Get Our Latest Research Report on Advantest
Advantest Price 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 company has a market capitalization of $140.84 billion, a PE ratio of 38.56 and a beta of 2.32. The company’s 50-day simple moving average is $220.00 and its 200-day simple moving average is $187.38.
Advantest (OTCMKTS:ATEYY – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. Advantest had a net margin of 39.57% and a return on equity of 67.22%. The business had revenue of $3 billion during the quarter. As a group, sell-side analysts anticipate that Advantest Corp. will post 6.48 earnings per share for the current year.
Advantest Company Profile
Advantest Corporation is a Japanese technology company that develops and manufactures test equipment used in the semiconductor industry. Its systems help customers evaluate semiconductor devices during production, supporting quality control and the development of increasingly complex chips.
The company’s offerings include automated test equipment for system-on-chip and memory devices, as well as handlers and related products that move and connect devices during testing. Advantest also provides test solutions for electronic components and services that support its equipment.
Founded in Japan in 1954 as Takeda Riken Kogyo, the company adopted the Advantest name in 1985.
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