Advantest Corp. (OTCMKTS:ATEYY – Get Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $221.94 and traded as high as $229.97. Advantest shares last traded at $223.66, with a volume of 99,620 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.
Get Our Latest Research Report on ATEYY
Advantest Stock Up 1.2%
The firm has a market cap of $163.72 billion, a P/E ratio of 44.82 and a beta of 2.32. The business’s fifty day moving average price is $221.94 and its two-hundred day moving average price is $186.67. The company has a current ratio of 2.67, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09.
Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $3 billion during the quarter. Advantest had a net margin of 39.57% and a return on equity of 67.22%. As a group, equities research analysts anticipate 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.
Read More
- Five stocks we like better than Advantest
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for Advantest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advantest and related companies with MarketBeat.com's FREE daily email newsletter.
