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

Advantest logo with Computer and Technology background

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $70.52 and last traded at $67.99, with a volume of 25713 shares. The stock had previously closed at $67.26.

Analyst Upgrades and Downgrades

ATEYY has been the topic of a number of research analyst reports. Sanford C. Bernstein downgraded Advantest from a "strong-buy" rating to a "market perform" rating in a report on Monday, March 24th. Wall Street Zen raised Advantest from a "hold" rating to a "buy" rating in a research note on Friday, June 13th.

Read Our Latest Stock Analysis on Advantest

Advantest Stock Down 2.1%

The company has a fifty day simple moving average of $51.79 and a 200-day simple moving average of $53.53. The firm has a market cap of $54.50 billion, a P/E ratio of 60.52 and a beta of 1.50.

About Advantest

(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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