Advantest (OTCMKTS:ATEYY) Raised to “Strong-Buy” at Zacks Research

Advantest (OTCMKTS:ATEYY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Advantest Stock Up 1.5%

Advantest stock opened at $197.46 on Tuesday. The stock has a market cap of $144.54 billion, a PE ratio of 48.64 and a beta of 2.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67. The firm’s 50-day simple moving average is $202.26 and its 200 day simple moving average is $181.01. Advantest has a fifty-two week low of $92.56 and a fifty-two week high of $240.89.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. The company had revenue of $2.31 billion for the quarter. Research analysts predict that Advantest will post 6.48 EPS for the current fiscal year.

Advantest Company Profile

Advantest Corporation is a Japan-based provider of semiconductor test and measurement solutions. The company develops systems used to evaluate the performance, quality and reliability of semiconductor devices during manufacturing, helping chipmakers identify defects and improve production yields.

Its products and services include semiconductor test systems, test handlers and other mechatronics products, device interfaces such as semiconductor sockets, and system-level test solutions. Advantest also provides measurement, data analysis and engineering services that support testing throughout the semiconductor manufacturing process, including applications involving advanced logic, memory, automotive and high-performance computing devices.

Founded in Japan in 1954 as Takeda Riken Industry Co, Advantest adopted its current name in 1985.