Advantest (OTCMKTS:ATEYY) Shares Up 8% – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY) shares were up 8% during mid-day trading on Wednesday . The stock traded as high as $191.59 and last traded at $189.14. Approximately 2,431 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 108,395 shares. The stock had previously closed at $175.16.

Analyst Ratings Changes

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

Advantest Stock Down 7.0%

The company has a market capitalization of $128.24 billion, a P/E ratio of 51.53 and a beta of 2.10. The business has a fifty day moving average price of $179.51 and a 200 day moving average price of $165.67.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. Advantest had a return on equity of 55.98% and a net margin of 33.21%.The business had revenue of $2.09 billion during the quarter. As a group, equities analysts forecast that Advantest Corp. will post 4.95 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.