Advantest (OTCMKTS:ATEYY) Hits New 52-Week High - Here's What Happened

Key Points

• Advantest Corp. reached a new 52-week high of $81.86, closing at $79.32 with a trading volume of 160,340 shares.
• Wall Street analysts, specifically Wall Street Zen, upgraded Advantest from a "hold" rating to a "buy" rating on August 8th, signaling positive market sentiment.
• For the latest quarter, Advantest reported earnings per share of $0.85 and a revenue of $1.83 billion, with an anticipated EPS of 1.61 for the current year.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $81.86 and last traded at $79.32, with a volume of 160340 shares changing hands. The stock had previously closed at $77.67.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Advantest from a "hold" rating to a "buy" rating in a research note on Friday, August 8th.

Advantest Stock Performance

The business has a 50 day moving average price of $70.54 and a two-hundred day moving average price of $56.95. The company has a market cap of $58.54 billion, a P/E ratio of 65.02 and a beta of 1.64.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.85 earnings per share for the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%. The company had revenue of $1.83 billion during the quarter. As a group, research analysts expect that Advantest Corp. will post 1.61 EPS 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.

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