Advantest (OTCMKTS:ATEYY) Trading 6.9% Higher - What's Next?

Shares of Advantest Co. (OTCMKTS:ATEYY - Get Free Report) were up 6.9% during mid-day trading on Tuesday . The company traded as high as $50.88 and last traded at $50.69. Approximately 107,346 shares traded hands during trading, a decline of 35% from the average daily volume of 164,306 shares. The stock had previously closed at $47.40.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ATEYY shares. Sanford C. Bernstein lowered shares of Advantest from a "strong-buy" rating to a "market perform" rating in a report on Monday, March 24th. Wall Street Zen cut shares of Advantest from a "buy" rating to a "hold" rating in a research note on Friday.

Advantest Stock Down 3.8%

The company has a quick ratio of 1.78, a current ratio of 2.94 and a debt-to-equity ratio of 0.15. The company's 50 day moving average price is $44.06 and its two-hundred day moving average price is $53.16. The stock has a market cap of $36.63 billion, a P/E ratio of 40.68 and a beta of 1.44.

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.