Advantest (OTCMKTS:ATEYY) Issues Quarterly Earnings Results

Advantest (OTCMKTS:ATEYY) issued its earnings results on Wednesday. The company reported $1.67 earnings per share (EPS) for the quarter, Zacks reports.

Advantest Stock Performance

Advantest stock traded up $10.60 during trading on Wednesday, hitting $235.60. The company’s stock had a trading volume of 197,298 shares, compared to its average volume of 121,546. The stock has a market capitalization of $172.46 billion, a price-to-earnings ratio of 58.03 and a beta of 2.17. The stock’s fifty day moving average is $221.31 and its 200 day moving average is $184.41. Advantest has a 1-year low of $113.38 and a 1-year high of $272.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Advantest Company Profile

Advantest Corporation is a Japan-based manufacturer of semiconductor test systems and measurement equipment. Its products help semiconductor manufacturers and electronics companies evaluate the performance, quality and reliability of integrated circuits throughout the production process.

The company’s offerings include automated test equipment for system-on-chip, memory and other semiconductor devices, as well as test handlers, device interfaces and measurement solutions. Advantest also provides system-level test products and related engineering, maintenance and support services.

Founded in 1954 as Takeda Riken Industry Co, Ltd., the company adopted the name Advantest Corporation in 1985.