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Advantest (OTCMKTS:ATEYY) Hits New 1-Year High - Should You Buy?

Advantest logo with Computer and Technology background

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $79.81 and last traded at $79.48, with a volume of 28160 shares trading hands. The stock had previously closed at $78.01.

Analysts Set New Price Targets

Several equities research analysts have commented on ATEYY shares. Sanford C. Bernstein cut Advantest from a "strong-buy" rating to a "market perform" rating in a research note on Monday, March 24th. Wall Street Zen cut Advantest from a "buy" rating to a "hold" rating in a research note on Monday, July 7th.

View Our Latest Report on ATEYY

Advantest Trading Down 6.1%

The company has a market cap of $58.78 billion, a P/E ratio of 61.31 and a beta of 1.60. The business has a 50 day moving average price of $62.50 and a 200-day moving average price of $55.56.

Advantest Company Profile

(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.

Further Reading

Should You Invest $1,000 in Advantest Right Now?

Before you consider Advantest, you'll want to hear this.

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