Advantest Corp. (OTCMKTS:ATEYY – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $202.70, but opened at $213.00. Advantest shares last traded at $221.12, with a volume of 5,398 shares trading hands.
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 MarketBeat, Advantest currently has an average rating of “Strong Buy”.
Read Our Latest Research Report on Advantest
Advantest Price Performance
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 market cap of $161.51 billion, a price-to-earnings ratio of 54.34 and a beta of 2.17. The stock has a fifty day simple moving average of $221.56 and a 200-day simple moving average of $183.94.
Advantest (OTCMKTS:ATEYY – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%. The business had revenue of $2.31 billion for the quarter. As a group, equities research analysts expect that Advantest Corp. will post 6.48 EPS for the current year.
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.
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