Advantest (OTCMKTS:ATEYY) Reaches New 12-Month 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) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $81.86 and last traded at $79.32, with a volume of 160340 shares traded. The stock had previously closed at $77.67.

Analyst Upgrades and Downgrades

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

Advantest Stock Up 1.5%

The company has a fifty day moving average price of $71.42 and a 200-day moving average price of $57.24.

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