Advantest (OTCMKTS:ATEYY) Reaches New 1-Year High - Still a Buy?

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) reached a new 52-week high during trading on Wednesday . The stock traded as high as $86.55 and last traded at $86.55, with a volume of 75985 shares traded. The stock had previously closed at $81.81.

Wall Street Analyst Weigh In

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

Advantest Trading Up 5.8%

The firm has a market cap of $63.88 billion, a P/E ratio of 70.94 and a beta of 1.77. The firm has a 50-day simple moving average of $74.92 and a 200-day simple moving average of $59.33.

Advantest (OTCMKTS:ATEYY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.85 earnings per share 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%. Research analysts predict that Advantest Corp. will post 1.61 earnings per share for the current fiscal 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.

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