Advantest (OTCMKTS:ATEYY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of Advantest Corp. (OTCMKTS:ATEYY) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $221.94 and traded as high as $229.97. Advantest shares last traded at $223.66, with a volume of 99,620 shares traded.

Analyst Upgrades and Downgrades

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

Advantest Price Performance

The stock has a market cap of $163.72 billion, a P/E ratio of 44.82 and a beta of 2.32. The company has a current ratio of 2.67, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $221.94 and its 200-day simple moving average is $186.67.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 EPS for the quarter. Advantest had a net margin of 39.57% and a return on equity of 67.22%. The company had revenue of $3 billion during the quarter. As a group, sell-side analysts forecast that Advantest Corp. will post 6.48 EPS for the current year.

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.