Advantest (OTCMKTS:ATEYY) Posts Quarterly 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 17.1%

Shares of ATEYY traded up $27.76 on Wednesday, hitting $190.00. 33,665 shares of the stock traded hands, compared to its average volume of 61,233. The firm has a market capitalization of $140.23 billion, a P/E ratio of 77.24 and a beta of 1.99. Advantest has a 1 year low of $33.70 and a 1 year high of $190.00. The stock’s 50 day moving average is $132.31 and its two-hundred day moving average is $109.51.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ATEYY shares. Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a report on Monday. Wall Street Zen downgraded shares of Advantest from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, The Goldman Sachs Group lowered shares of Advantest from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, Advantest currently has a consensus rating of “Moderate Buy”.

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.