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

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

Analyst Upgrades and Downgrades

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

Advantest Stock Up 1.2 %

The firm has a 50 day moving average price of $58.87 and a two-hundred day moving average price of $50.94. The company has a current ratio of 2.98, a quick ratio of 1.73 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $47.82 billion, a price-to-earnings ratio of 68.20 and a beta of 1.39.

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