Advantest (OTCMKTS:ATEYY) Sets New 1-Year High – Here’s Why

Shares of Advantest Corp. (OTCMKTS:ATEYY) reached a new 52-week high on Monday . The stock traded as high as $205.00 and last traded at $203.50, with a volume of 30534 shares. The stock had previously closed at $194.9910.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ATEYY shares. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research raised shares of Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, Sanford C. Bernstein upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Advantest currently has an average rating of “Buy”.

Advantest Stock Down 5.6%

The company has a 50 day moving average of $176.89 and a two-hundred day moving average of $158.50. The firm has a market cap of $139.41 billion, a P/E ratio of 56.01 and a beta of 2.14.

Advantest (OTCMKTS:ATEYY) last released its earnings results on Monday, April 27th. The company reported $1.11 earnings per share (EPS) for the quarter. Advantest had a return on equity of 59.63% and a net margin of 33.21%.The firm had revenue of $2.09 billion for the quarter. Research analysts expect that Advantest Corp. will post 4.95 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.