Advantest (OTCMKTS:ATEYY) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks reports.

Advantest Stock Up 1.5%

Shares of OTCMKTS ATEYY opened at $197.46 on Tuesday. 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 has a 12 month low of $92.56 and a 12 month high of $240.89. The firm has a market capitalization of $144.54 billion, a PE ratio of 48.64 and a beta of 2.12. The firm has a fifty day simple moving average of $202.26 and a two-hundred day simple moving average of $181.01.

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