Advantest (OTCMKTS:ATEYY) Hits New 1-Year High – Here’s Why

Advantest Corp. (OTCMKTS:ATEYY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.52 and last traded at $67.99, with a volume of 25713 shares. The stock had previously closed at $67.26.

Analysts Set New Price Targets

ATEYY has been the subject of several analyst reports. Wall Street Zen raised shares of Advantest from a “hold” rating to a “buy” rating in a research note on Friday, June 13th. Sanford C. Bernstein downgraded shares of Advantest from a “strong-buy” rating to a “market perform” rating in a research report on Monday, March 24th.

Advantest Stock Up 3.0%

The stock has a market cap of $52.52 billion, a P/E ratio of 58.33 and a beta of 1.50. The firm has a 50 day simple moving average of $51.07 and a 200-day simple moving average of $53.40.

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.