Advantest (OTCMKTS:ATEYY) Trading Down 0.7% – What’s Next?

Advantest Co. (OTCMKTS:ATEYY)’s share price was down 0.7% during mid-day trading on Thursday . The stock traded as low as $58.87 and last traded at $59.25. Approximately 143,391 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 109,449 shares. The stock had previously closed at $59.66.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Advantest to a “strong-buy” rating in a report on Monday, October 7th.

Advantest Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.58 and a current ratio of 3.04. The stock has a market cap of $43.73 billion, a price-to-earnings ratio of 62.37 and a beta of 1.39. The company’s 50 day simple moving average is $58.93 and its two-hundred day simple moving average is $50.31.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter. The business had revenue of $1.28 billion for the quarter. Advantest had a net margin of 17.67% and a return on equity of 24.47%. Research analysts expect that Advantest Co. will post 1.18 EPS for the current fiscal year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.