Advantest (OTCMKTS:ATEYY) Hits New 1-Year High - Here's What Happened

Key Points

• Advantest Corp. shares reached a new 52-week high of $95.99, trading at $95.27 with a volume of 45,663 shares.
• Equities analysts have varied opinions on the stock, with Zacks downgrading it to "hold," while Wall Street Zen upgraded it to "buy," resulting in a current consensus rating of "Hold."
• The company reported a net margin of 19.95% and earnings per share (EPS) of $0.85 for the last quarter, with forecasted EPS of 1.61 for the current fiscal year.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $95.99 and last traded at $95.27, with a volume of 45663 shares traded. The stock had previously closed at $94.35.

Analyst Ratings Changes

A number of equities analysts have commented on ATEYY shares. Zacks Research downgraded shares of Advantest from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Wall Street Zen raised shares of Advantest from a "hold" rating to a "buy" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Advantest currently has a consensus rating of "Hold".

Advantest Price Performance

The stock's fifty day simple moving average is $78.33 and its two-hundred day simple moving average is $61.49.

Advantest (OTCMKTS:ATEYY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.85 EPS for the quarter. 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. Equities research analysts anticipate that Advantest Corp. will post 1.61 earnings per share for the current fiscal 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.