Advantest (OTCMKTS:ATEYY) Shares Down 0.7% – Here’s What Happened

Advantest Co. (OTCMKTS:ATEYY)’s share price dropped 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 traded hands 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.

Analyst Ratings Changes

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

Advantest Price Performance

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 company has a 50-day moving average of $58.87 and a 200 day moving average of $50.45. The firm has a market cap of $44.02 billion, a P/E ratio of 62.79 and a beta of 1.39.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 EPS for the quarter. Advantest had a return on equity of 24.47% and a net margin of 17.67%. The company had revenue of $1.28 billion for the quarter. On average, sell-side analysts anticipate that Advantest Co. will post 1.18 EPS for the current 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.