Advantest (OTCMKTS:ATEYY) Sees Large Volume Increase – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYYGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 424,213 shares changed hands during mid-day trading, an increase of 348% from the previous session’s volume of 94,748 shares.The stock last traded at $187.07 and had previously closed at $176.70.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Read Our Latest Analysis on Advantest

Advantest Stock Performance

The company has a 50 day simple moving average of $180.37 and a two-hundred day simple moving average of $162.15. The firm has a market cap of $136.74 billion, a PE ratio of 54.94 and a beta of 2.10.

Advantest (OTCMKTS:ATEYYGet Free Report) last released its earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%.The firm had revenue of $2.09 billion during the quarter. As a group, research analysts predict that Advantest Corp. will post 4.95 earnings per share for the current fiscal year.

Advantest Company Profile

(Get Free Report)

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.

Further Reading

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