Advantest (OTCMKTS:ATEYY) Reaches New 52-Week High – Should You Buy?

Advantest Corp. (OTCMKTS:ATEYY)’s share price reached a new 52-week high on Friday. The company traded as high as $254.77 and last traded at $252.97, with a volume of 14195 shares. The stock had previously closed at $235.45.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Advantest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Advantest Stock Up 8.2%

The firm has a market cap of $186.43 billion, a PE ratio of 62.73 and a beta of 2.17. The company has a 50-day simple moving average of $209.63 and a 200-day simple moving average of $185.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. Advantest had a return on equity of 58.10% and a net margin of 37.15%.The firm had revenue of $2.31 billion for the quarter. Analysts expect that Advantest Corp. will post 6.48 earnings per share for the current fiscal year.

About Advantest

Advantest Corporation is a Japan-based manufacturer of automated test equipment used to evaluate semiconductor devices during production. Its systems help manufacturers verify the performance, reliability and quality of integrated circuits used in products such as smartphones, computers, automotive electronics, data-center equipment and other connected devices.

The company’s product portfolio includes semiconductor test systems for system-on-chip, memory and power devices, as well as test handlers, device interfaces and other semiconductor production equipment.