Advantest (OTCMKTS:ATEYY) Stock Price Up 10.4% – Here’s Why

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

Analyst Ratings Changes

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

Advantest Trading Up 10.3%

The stock’s 50-day moving average price is $169.43 and its two-hundred day moving average price is $154.71. The stock has a market capitalization of $116.88 billion, a P/E ratio of 46.96 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Monday, April 27th. The company reported $1.11 earnings per share for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. The firm had revenue of $2.09 billion during the quarter. On average, equities research analysts predict that Advantest Corp. will post 4.64 earnings per share for the current year.

Advantest Company Profile

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.