Advantest (OTCMKTS:ATEYY) Sees Large Volume Increase – Time to Buy?

Advantest Corp. (OTCMKTS:ATEYY) shares saw strong trading volume on Monday . Approximately 317,051 shares traded hands during 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ATEYY shares. Sanford C. Bernstein raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded 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 analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Advantest Stock Performance

The company’s fifty day simple moving average is $179.98 and its two-hundred day simple moving average is $161.10. The company has a market capitalization of $135.61 billion, a price-to-earnings ratio of 54.49 and a beta of 2.13.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. The business had revenue of $2.09 billion for the quarter. Advantest had a net margin of 33.21% and a return on equity of 59.63%. Sell-side analysts anticipate that Advantest Corp. will post 4.95 EPS for the current 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.