Advantest (OTCMKTS:ATEYY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Advantest Corp. (OTCMKTS:ATEYY) saw strong trading volume on Wednesday. Approximately 131,348 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 120,766 shares. The stock last traded at $233.10 and had previously closed at $225.00.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of 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, the company currently has an average rating of “Strong Buy”.

Advantest Price Performance

The firm has a market capitalization of $172.07 billion, a P/E ratio of 48.56 and a beta of 2.17. The stock’s 50 day simple moving average is $221.90 and its 200 day simple moving average is $185.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter. The business had revenue of $3 billion for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. As a group, analysts expect that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.

Advantest Company Profile

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.