Advantest (OTCMKTS:ATEYY) Sets New 12-Month High – Here’s Why

by · The Cerbat Gem

Shares of Advantest Co. (OTCMKTS:ATEYY – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $50.66 and last traded at $50.41, with a volume of 169059 shares traded. The stock had previously closed at $48.46.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Advantest to a “strong-buy” rating in a research report on Monday.

Get Our Latest Research Report on Advantest

Advantest Price Performance

The company has a market capitalization of $37.22 billion, a PE ratio of 89.66 and a beta of 1.48. The company has a quick ratio of 1.71, a current ratio of 3.33 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average is $44.32 and its 200-day moving average is $39.73.

Advantest (OTCMKTS:ATEYY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $889.88 million during the quarter, compared to analysts’ expectations of $680.79 million. Advantest had a return on equity of 18.20% and a net margin of 14.65%. Equities analysts predict that Advantest Co. will post 0.82 earnings per share for the current fiscal year.

About Advantest

(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.

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