Advantest (OTCMKTS:ATEYY) Sees Large Volume Increase – What’s Next?

Advantest Corp. (OTCMKTS:ATEYY) saw unusually-high trading volume on Monday . Approximately 317,051 shares changed hands during mid-day trading, an increase of 291% from the previous session’s volume of 81,109 shares.The stock last traded at $205.30 and had previously closed at $200.74.

Analyst Ratings Changes

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

Advantest Stock Performance

The company has a fifty day simple moving average of $178.88 and a two-hundred day simple moving average of $160.03. The company has a market capitalization of $150.60 billion, a price-to-earnings ratio of 60.51 and a beta of 2.14.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. The business had revenue of $2.09 billion for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%. As a group, analysts expect 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.