Advantest (OTCMKTS:ATEYY) Releases Earnings Results

Advantest (OTCMKTS:ATEYY) posted its quarterly earnings data on Wednesday. The company reported $1.67 earnings per share (EPS) for the quarter, Zacks reports.

Advantest Price Performance

OTCMKTS:ATEYY traded up $9.55 during mid-day trading on Wednesday, hitting $234.55. 179,997 shares of the company’s stock were exchanged, compared to its average volume of 121,523. Advantest has a one year low of $113.38 and a one year high of $272.50. The business has a fifty day moving average price of $221.31 and a 200 day moving average price of $184.41. The company has a market cap of $171.69 billion, a PE ratio of 57.77 and a beta of 2.17.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Two 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”.

About Advantest

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.