Advantest (OTCMKTS:ATEYY) Hits New 1-Year High - Time to Buy?

Key Points

• Advantest Corp. shares reached a new 52-week high of $109.99, closing at $106.75, with significant trading volume of 64,056 shares.
• Analysts upgraded Advantest's stock rating from "hold" to "buy," with a consensus rating of "buy" according to MarketBeat.com.
• The company reported $0.85 earnings per share and generated $1.83 billion in revenue during its most recent quarter.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) shares hit a new 52-week high on Saturday . The company traded as high as $109.99 and last traded at $106.75, with a volume of 64056 shares traded. The stock had previously closed at $103.80.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ATEYY shares. Wall Street Zen raised shares of Advantest from a "hold" rating to a "buy" rating in a research note on Friday, August 8th. Zacks Research raised shares of Advantest from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy".

Advantest Stock Performance

The company has a market cap of $78.79 billion, a price-to-earnings ratio of 87.50 and a beta of 1.84. The stock's fifty day simple moving average is $83.39 and its two-hundred day simple moving average is $64.87.

Advantest (OTCMKTS:ATEYY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.85 earnings per share for the quarter. The company had revenue of $1.83 billion during the quarter. Analysts predict that Advantest Corp. will post 1.61 EPS for the current fiscal 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.

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