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

Advantest Corp. (OTCMKTS:ATEYY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $86.55 and last traded at $86.55, with a volume of 75985 shares. The stock had previously closed at $81.81.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ATEYY. Zacks Research cut Advantest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Advantest has an average rating of “Hold”.

Advantest Price Performance

The business has a fifty day moving average of $75.68 and a 200 day moving average of $59.78.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.85 EPS for the quarter. The firm had revenue of $1.83 billion for the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%. Equities analysts anticipate that Advantest Corp. will post 1.61 EPS for the current fiscal 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.