Advantest (OTCMKTS:ATEYY) Hits New 1-Year High - Here's Why

Key Points

• Advantest Corp. reached a new 52-week high of $86.55, indicating significant trading activity with 75,985 shares exchanged.
• Wall Street analysts have mixed views on the stock, with one upgrade to a "buy" rating and a downgrade to a "hold" rating, leading to a consensus rating of "hold."
• For the last quarter, Advantest reported earnings of $0.85 per share on revenues of $1.83 billion, along with a return on equity of 29.15%.

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $86.55 and last traded at $86.55, with a volume of 75985 shares changing hands. The stock had previously closed at $81.81.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ATEYY. 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 raised shares of Advantest from a "hold" rating to a "buy" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Advantest Stock Up 1.0%

The company's 50 day simple moving average is $76.10 and its two-hundred day simple moving average is $60.03.

Advantest (OTCMKTS:ATEYY - Get Free Report) last posted its quarterly earnings results 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 net margin of 19.95% and a return on equity of 29.15%. Equities research analysts anticipate 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.