Advantest (OTCMKTS:ATEYY) Downgraded by Zacks Investment Research

Advantest (OTCMKTS:ATEYY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Advantest Corporation is one of the world’s leading automatic test equipment suppliers to the semiconductor industry, and is also a producer of electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers, and device handlers, are integrated into the most advanced semiconductor fabrication lines in the world. “

Shares of OTCMKTS:ATEYY traded down $0.33 during trading on Tuesday, hitting $47.65. The company’s stock had a trading volume of 892 shares, compared to its average volume of 2,523. The company has a market capitalization of $9.67 billion, a PE ratio of 18.25, a PEG ratio of 1.96 and a beta of 1.31. Advantest has a fifty-two week low of $18.06 and a fifty-two week high of $52.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 3.86. The stock’s 50-day moving average price is $49.55 and its two-hundred day moving average price is $38.13.

About Advantest

Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products. It operates through Semiconductor and Component Test System; Mechatronics System; and Services, Support and Others segments. The Semiconductor and Component Test System segment provides customers with test system products for the semiconductor industry and the electronic parts industry.

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