Advantest (OTCMKTS:ATEYY) Rating Increased to Strong-Buy at Sanford C. Bernstein

Advantest (OTCMKTS:ATEYY) was upgraded by research analysts at Sanford C. Bernstein to a “strong-buy” rating in a report released on Monday, Zacks.com reports.

Advantest Stock Up 4.0 %

Shares of OTCMKTS:ATEYY opened at $50.41 on Monday. The company has a current ratio of 3.33, a quick ratio of 1.71 and a debt-to-equity ratio of 0.17. Advantest has a 12 month low of $23.48 and a 12 month high of $50.66. The company has a 50-day moving average price of $44.15 and a 200 day moving average price of $39.64. The company has a market cap of $37.20 billion, a price-to-earnings ratio of 86.91 and a beta of 1.48.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $889.88 million during the quarter, compared to the consensus estimate of $680.79 million. Advantest had a net margin of 14.65% and a return on equity of 18.20%. As a group, equities research analysts predict that Advantest will post 0.82 earnings per share for the current year.

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.