Shares in Anritsu Corporation are currently testing the support level at 1620 JPY on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock.
Summary
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths
● The share is getting closer to its long-term support in weekly data, at JPY 1620, which offers good timing for buyers.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the JPY 1675 support.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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ANRITSU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of measurement equipment. The Company operates in two business segments. The Measurement Equipment segment is engaged in the provision of measurement equipment for digital communications and Internet protocol (IP) networks, optical communications and mobile communications, general-purpose measurement equipment for radio frequency (RF), microwave bands and millimeter wavebands, as well as service assurance. The Products, Quality and Assurance (PQA) segment is engaged in the provision of automated weight sorters, automated electronic measurement equipment, foreign substance detectors, as well as integrated quality management and control systems. The Company is also engaged in the provision of information communication, related devices, logistics and welfare services, the leasing of real estate, the manufacture of components, as well as the human resources (HR) and accounting related clerical business.