Advantest (OTCMKTS:ATEYY) Hits New 1-Year High - Time to Buy?
Advantest Corp. (OTCMKTS:ATEYY) shares reached a new 52-week high of $109.99, closing at $106.75 with a trading volume of 64,056 shares. Analysts have upgraded the stock from 'hold' to 'buy', with a consensus rating of 'buy'. The company reported $0.85 EPS and $1.83 billion in revenue for the last quarter. Advantest has a market cap of $78.79 billion and a P/E ratio of 87.50. Despite the positive ratings, it was noted that top analysts recommend other stocks over Advantest.
Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) shares hit a new 52-week high on Saturday . The company traded as high as $109.99 and last traded at $106.75, with a volume of 64056 shares traded. The stock had previously closed at $103.80.
Wall Street Analyst Weigh In
- AI Exposure Without the Hype: 3 ETFs That Offer Smarter AI Bets
A number of research analysts have recently weighed in on ATEYY shares. Wall Street Zen raised shares of Advantest from a "hold" rating to a "buy" rating in a research note on Friday, August 8th. Zacks Research raised shares of Advantest from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on ATEYY
Advantest Stock Performance
The company has a market cap of $78.79 billion, a price-to-earnings ratio of 87.50 and a beta of 1.84. The stock's fifty day simple moving average is $83.39 and its two-hundred day simple moving average is $64.87.
Advantest (OTCMKTS:ATEYY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.85 earnings per share for the quarter. The company had revenue of $1.83 billion during the quarter. Analysts predict that Advantest Corp. will post 1.61 EPS for the current fiscal year.
Advantest Company Profile
(Get Free Report)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.
Featured Articles
- Five stocks we like better than Advantest
- Growth Stocks: What They Are, What They Are Not
- Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
- How to Use High Beta Stocks to Maximize Your Investing Profits
- A Copper Catalyst: Why Freeport-McMoRan Is Positioned to Rebound
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Advantest Right Now?
Before you consider Advantest, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advantest wasn't on the list.
While Advantest currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
