Advantest (OTCMKTS:ATEYY) Hits New 52-Week High - Here's What Happened

Advantest Corp. (OTCMKTS:ATEYY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $81.86 and last traded at $79.32, with a volume of 160340 shares changing hands. The stock had previously closed at $77.67.Wall Street Analysts Forecast GrowthSeparately, Wall Street Zen raised Advantest from a "hold" rating to a "buy" rating in a research note on Friday, August 8th.View Our Latest Research Report on ATEYYAdvantest Stock PerformanceThe business has a 50 day moving average price of $70.54 and a two-hundred day moving average price of $56.95. The company has a market cap of $58.54 billion, a P/E ratio of 65.02 and a beta of 1.64. Advantest (OTCMKTS:ATEYY - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.85 earnings per share for the quarter. Advantest had a return on equity of 29.15% and a net margin of 19.95%. The company had revenue of $1.83 billion during the quarter. As a group, research analysts expect that Advantest Corp. will post 1.61 EPS for the current year. About Advantest (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.Further ReadingFive stocks we like better than AdvantestHow Can Investors Benefit From After-Hours Trading3 Earnings Reports Give a Snapshot of Consumer Sentiment3 Must-Buy Warren Buffett Stocks for Volatile TimesAmazon’s Bears Have Raised the White Flag—Get ExcitedHow to Invest in Insurance Companies: A Guide Tempus AI’s Strong Q2 Fuels Growth Story—More Upside Ahead?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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here