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Advantest (OTCMKTS:ATEYY) Hits New 52-Week High - Time to Buy?

Advantest logo with Computer and Technology background

Shares of Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $77.65 and last traded at $76.20, with a volume of 12825 shares trading hands. The stock had previously closed at $75.77.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Advantest from a "buy" rating to a "hold" rating in a research note on Monday. Sanford C. Bernstein lowered shares of Advantest from a "strong-buy" rating to a "market perform" rating in a report on Monday, March 24th.

Get Our Latest Analysis on ATEYY

Advantest Stock Up 0.3%

The stock has a market capitalization of $55.92 billion, a P/E ratio of 62.26 and a beta of 1.60. The business's 50 day simple moving average is $57.89 and its two-hundred day simple moving average is $54.58.

Advantest Company Profile

(Get Free Report)

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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