Advantest (OTCMKTS:ATEYY) Reaches New 1-Year High – Here’s What Happened

Advantest Corp. (OTCMKTS:ATEYY) shares hit a new 52-week high during trading on Friday. The stock traded as high as $254.77 and last traded at $252.97, with a volume of 14195 shares. The stock had previously closed at $235.45.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Advantest Trading Up 8.2%

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. The stock has a market cap of $186.43 billion, a PE ratio of 62.73 and a beta of 2.17. The stock has a 50-day moving average price of $209.63 and a two-hundred day moving average price of $185.43.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%.The business had revenue of $2.31 billion during the quarter. Sell-side analysts forecast that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.