Shares of Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) traded up 10.9% during mid-day trading on Friday. The company traded as high as $184.4111 and last traded at $184.4111. 9,228 shares were traded during mid-day trading, a decline of 92% from the average session volume of 122,865 shares. The stock had previously closed at $166.33.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research 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 an average rating of “Strong Buy”.
Get Our Latest Stock Analysis on ATEYY
Advantest Trading Up 10.5%
The company has a market capitalization of $134.58 billion, a P/E ratio of 36.84 and a beta of 2.32. The company has a current ratio of 2.67, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $220.77 and a 200-day moving average of $187.14.
Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The business had revenue of $3 billion for the quarter. On average, research analysts predict that Advantest Corp. will post 6.48 EPS for the current year.
About Advantest
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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