Advantest (OTCMKTS:ATEYY) Cut to Hold at Zacks Research

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

Separately, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Advantest has an average rating of “Moderate Buy”.

Advantest Trading Down 8.5%

ATEYY opened at $217.25 on Monday. Advantest has a twelve month low of $69.87 and a twelve month high of $240.89. The firm has a market cap of $159.03 billion, a price-to-earnings ratio of 53.51 and a beta of 2.11. The company has a fifty day simple moving average of $191.57 and a 200 day simple moving average of $174.97.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.51 earnings per share for the quarter. The company had revenue of $2.31 billion during the quarter. Advantest had a net margin of 37.15% and a return on equity of 64.33%. On average, analysts forecast that Advantest will post 4.95 earnings per share for the current fiscal year.

Advantest Company Profile

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.