Advantest Corp. (OTCMKTS:ATEYY – Get Free Report) shares gapped down prior to trading on Thursday. The stock had previously closed at $216.01, but opened at $179.55. Advantest shares last traded at $177.17, with a volume of 23,833 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 note on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.
Read Our Latest Stock Report on Advantest
Advantest Trading Down 21.9%
The firm’s 50-day simple moving average is $221.93 and its 200-day simple moving average is $187.03. The firm has a market capitalization of $123.51 billion, a PE ratio of 33.81 and a beta of 2.32. The company has a quick ratio of 1.85, a current ratio of 2.67 and a debt-to-equity ratio of 0.09.
Advantest (OTCMKTS:ATEYY – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter. The company had revenue of $3 billion during the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. Equities analysts expect that Advantest Corp. will post 6.48 earnings per share for the current 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.
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