Advantest (OTCMKTS:ATEYY) Sees Strong Trading Volume – Here’s Why

Advantest Corp. (OTCMKTS:ATEYY) shares saw unusually-high trading volume on Wednesday . 138,802 shares were traded during trading, an increase of 35% from the previous session’s volume of 102,973 shares.The stock last traded at $205.12 and had previously closed at $200.8450.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Advantest from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Advantest Stock Performance

The company has a market cap of $150.24 billion, a PE ratio of 50.55 and a beta of 2.12. The firm’s fifty day moving average is $198.44 and its 200 day moving average is $178.35. The company has a current ratio of 2.67, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. Advantest had a net margin of 37.15% and a return on equity of 58.10%. The business had revenue of $2.31 billion for the quarter. As a group, research analysts predict 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.