Advantest (OTCMKTS:ATEYY) Sees Large Volume Increase – Here’s Why

Advantest Corp. (OTCMKTS:ATEYY) saw unusually-high trading volume on Wednesday . 138,802 shares were traded during mid-day trading, an increase of 35% from the previous session’s volume of 102,973 shares.The stock last traded at $205.12 and had previously closed at $200.8450.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Advantest from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Advantest Trading Up 2.2%

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 company has a fifty day simple moving average of $198.44 and a 200-day simple moving average of $178.35. The company has a market capitalization of $150.24 billion, a PE ratio of 50.55 and a beta of 2.12.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 EPS for the quarter. The business had revenue of $2.31 billion for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%. Analysts predict that Advantest Corp. will post 4.95 EPS for the current year.

About Advantest

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.