Advantest (OTCMKTS:ATEYY) Posts Earnings Results

Advantest (OTCMKTS:ATEYY) released its quarterly earnings results on Wednesday. The company reported $0.70 earnings per share for the quarter, Zacks reports.

Advantest Stock Up 15.3%

OTCMKTS:ATEYY traded up $24.76 during trading hours on Wednesday, hitting $187.00. 24,406 shares of the company’s stock traded hands, compared to its average volume of 60,360. Advantest has a 52 week low of $33.70 and a 52 week high of $187.66. The business’s fifty day simple moving average is $132.31 and its two-hundred day simple moving average is $109.51. The firm has a market cap of $138.02 billion, a P/E ratio of 76.02 and a beta of 1.99.

Analyst Upgrades and Downgrades

ATEYY has been the topic of several research reports. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group lowered shares of Advantest from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Advantest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.