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

Advantest Co. (OTCMKTS:ATEYY) reached a new 52-week high on Friday . The company traded as high as $65.40 and last traded at $64.79, with a volume of 139870 shares traded. The stock had previously closed at $64.00.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Advantest to a “strong-buy” rating in a research report on Monday, October 7th.

Advantest Price Performance

The stock has a market capitalization of $47.82 billion, a price-to-earnings ratio of 68.20 and a beta of 1.39. The stock’s 50 day simple moving average is $58.87 and its 200-day simple moving average is $50.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 1.73.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter. Advantest had a return on equity of 23.83% and a net margin of 17.67%. On average, analysts expect that Advantest Co. will post 1.18 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.