Advantest (OTCMKTS:ATEYY) Stock Rating Lowered by Zacks Research

Advantest (OTCMKTS:ATEYY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Advantest from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Advantest Stock Performance

Shares of ATEYY opened at $217.25 on Monday. The business’s fifty day moving average price is $191.57 and its two-hundred day moving average price is $174.97. The firm has a market capitalization of $159.03 billion, a price-to-earnings ratio of 53.51 and a beta of 2.11. Advantest has a 52 week low of $69.87 and a 52 week high of $240.89.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.51 earnings per share (EPS) for the quarter. The business had revenue of $2.31 billion for the quarter. Advantest had a return on equity of 64.33% and a net margin of 37.15%. As a group, research analysts forecast that Advantest will post 4.95 EPS for the current year.

About Advantest

Advantest Corporation (OTCMKTS: ATEYY) is a Japan-headquartered company that specializes in the design, manufacture and sale of semiconductor test equipment and related measurement systems. Its core business is supplying automatic test equipment (ATE) and test solutions used by semiconductor manufacturers, fabless companies and outsourced test houses to validate integrated circuits, memory products, system-on-chip (SoC) devices and a broad range of analog, digital and mixed-signal components.

The company’s product portfolio includes handlers and test systems for packaged devices and wafer-level test, testers for memory and logic devices, signal and measurement instruments, and test interface and support products.