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

Advantest Corp. (OTCMKTS:ATEYY) saw unusually-strong trading volume on Tuesday . Approximately 90,539 shares traded hands during trading, an increase of 18% from the previous session’s volume of 76,478 shares.The stock last traded at $185.93 and had previously closed at $201.79.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ATEYY shares. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Zacks Research upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Advantest Stock Performance

The company has a market capitalization of $139.07 billion, a price-to-earnings ratio of 55.88 and a beta of 2.14. The firm has a 50-day simple moving average of $176.26 and a two-hundred day simple moving average of $158.10.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results 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 59.63%. The business had revenue of $2.09 billion for the quarter. As a group, equities analysts forecast that Advantest Corp. will post 4.95 EPS for the current fiscal year.

Advantest Company Profile

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.