Advantest (OTCMKTS:ATEYY) Stock Crosses Above 200-Day Moving Average – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $188.11 and traded as high as $203.45. Advantest shares last traded at $200.48, with a volume of 107,294 shares traded.

Analyst Ratings Changes

Separately, Zacks Research lowered Advantest from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Advantest Trading Up 8.7%

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. The stock’s 50-day moving average is $219.12 and its two-hundred day moving average is $188.11. The company has a market cap of $146.75 billion, a P/E ratio of 40.18 and a beta of 2.32.

Advantest (OTCMKTS:ATEYY) last posted its earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. The business 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 predict that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.

About Advantest

Advantest Corporation is a Japanese technology company that develops and manufactures test equipment used in the semiconductor industry. Its systems help customers evaluate semiconductor devices during production, supporting quality control and the development of increasingly complex chips. The company’s offerings include automated test equipment for system-on-chip and memory devices, as well as handlers and related products that move and connect devices during testing. Advantest also provides test solutions for electronic components and services that support its equipment.