Advantest (OTCMKTS:ATEYY) Releases Earnings Results

Key Points

• Advantest reported quarterly earnings of $0.85 earnings per share, with a net margin of 19.95% and a return on equity of 29.15%.
• The company's shares opened at $70.09 with a market capitalization of $51.73 billion and a price-to-earnings ratio of 57.45.
• Wall Street analysts downgraded Advantest's rating from "buy" to "hold" on July 7th, indicating a cautious outlook on the stock's performance.

Advantest (OTCMKTS:ATEYY - Get Free Report) issued its earnings results on Tuesday. The company reported $0.85 EPS for the quarter, Zacks reports. The company had revenue of $1.83 billion during the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%.

Advantest Price Performance

Shares of Advantest stock traded up $0.10 during mid-day trading on Friday, hitting $66.83. 279,628 shares of the stock were exchanged, compared to its average volume of 169,720. Advantest has a 12 month low of $33.70 and a 12 month high of $80.20. The company has a 50-day simple moving average of $67.14 and a 200 day simple moving average of $56.38.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Advantest from a "hold" rating to a "buy" rating in a research note on Saturday.

About Advantest

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.