Advantest (OTCMKTS:ATEYY) Hits New 1-Year High - What's Next?

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.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 research report on Friday, August 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Advantest Price Performance

The stock has a market cap of $70.31 billion, a price-to-earnings ratio of 78.09 and a beta of 1.76. The company's fifty day moving average price is $76.54 and its 200-day moving average price is $60.31.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its earnings results 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. On average, sell-side analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.