Advantest (OTCMKTS:ATEYY) Sees Strong Trading Volume – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares saw an uptick in trading volume on Monday . 424,213 shares were traded during mid-day trading, an increase of 348% from the previous session’s volume of 94,748 shares.The stock last traded at $187.07 and had previously closed at $176.70.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATEYY. Sanford C. Bernstein raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Advantest Price Performance

The firm has a 50-day simple moving average of $180.35 and a 200 day simple moving average of $162.97. The stock has a market capitalization of $128.83 billion, a P/E ratio of 51.76 and a beta of 2.10.

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