Advantest Corp (ATEYY) Receives Average Recommendation of “Hold” from Brokerages
Shares of Advantest Corp (NASDAQ:ATEYY) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Advantest Corp an industry rank of 47 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Advantest Corp from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, February 28th.
Shares of Advantest Corp (NASDAQ:ATEYY) traded down 3.60% during midday trading on Wednesday, hitting $18.21. The stock had a trading volume of 427 shares. The firm has a market cap of $3.22 billion and a price-to-earnings ratio of 27.38. Advantest Corp has a 12-month low of $10.15 and a 12-month high of $19.64. The company’s 50-day moving average price is $18.31 and its 200-day moving average price is $17.35.
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Advantest Corp Company Profile
Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products, such as test handlers and device interfaces. The Company engages in research and development activities, and provides maintenance and support services associated with these products.
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