Advantest (OTCMKTS:ATEYY) Announces Quarterly 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) posted its quarterly earnings data on Tuesday. The company reported $0.85 earnings per share for the quarter, Zacks reports. Advantest had a net margin of 19.95% and a return on equity of 29.15%. The company had revenue of $1.83 billion during the quarter.

Advantest Trading Up 0.1%

Shares of ATEYY traded up $0.10 during mid-day trading on Friday, reaching $66.83. The company's stock had a trading volume of 279,628 shares, compared to its average volume of 166,077. The stock has a market cap of $49.32 billion, a PE ratio of 54.78 and a beta of 1.60. Advantest has a 52 week low of $33.70 and a 52 week high of $80.20. The company's fifty day moving average price is $66.75 and its two-hundred day moving average price is $56.33.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Advantest from a "buy" rating to a "hold" rating in a report on Monday, July 7th.

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.