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

Key Points

• Advantest Corp. reached a new 52-week high at $105.05 during trading, closing at $104.71 and seeing a volume of 5,431 shares.
• Analysts have mixed views on Advantest, with Wall Street Zen upgrading the stock to a "buy" rating, while Zacks lowered it to a "hold," leading to a consensus rating of "Hold."
• The company reported $0.85 EPS and $1.83 billion in revenue for the last quarter, with an expected EPS of 1.61 for the current fiscal year.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $105.05 and last traded at $104.71, with a volume of 5431 shares changing hands. The stock had previously closed at $102.34.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Advantest from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of Advantest from a "hold" rating to a "buy" rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Advantest has a consensus rating of "Hold".

Advantest Price Performance

The firm's fifty day moving average price is $78.88 and its 200 day moving average price is $62.00.

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