Advantest (OTCMKTS:ATEYY) Hits New 52-Week High – Time to Buy?

Advantest Co. (OTCMKTS:ATEYY) shares reached a new 52-week high on Wednesday . The stock traded as high as $63.59 and last traded at $63.56, with a volume of 68608 shares changing hands. The stock had previously closed at $60.14.

Analyst Upgrades and Downgrades

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

Advantest Trading Up 5.7 %

The stock has a market capitalization of $46.91 billion, a PE ratio of 66.91 and a beta of 1.45. The company has a current ratio of 3.04, a quick ratio of 1.58 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $49.17 and a 200-day moving average price of $41.77.

Advantest (OTCMKTS:ATEYY) last announced its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter. Advantest had a return on equity of 24.47% and a net margin of 17.67%. The business had revenue of $1.28 billion for the quarter. Sell-side analysts expect that Advantest Co. will post 0.92 earnings per share for the current 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.