Advantest (OTCMKTS:ATEYY) Trading 1.9% Higher – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY)’s share price traded up 1.9% during mid-day trading on Monday . The company traded as high as $127.88 and last traded at $127.38. 31,672 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 62,176 shares. The stock had previously closed at $125.01.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen lowered shares of Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group downgraded shares of Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Finally, Zacks Research cut Advantest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Advantest Trading Up 1.5%

The stock’s 50-day moving average is $127.61 and its two-hundred day moving average is $97.73.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Tuesday, October 28th. The company reported $0.74 earnings per share for the quarter. The company had revenue of $1.78 billion for the quarter. On average, equities analysts expect that Advantest Corp. will post 1.61 EPS 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.