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

Zacks Research downgraded shares of Advantest (OTCMKTS:ATEYY) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Separately, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Advantest presently has a consensus rating of “Hold”.

Advantest Price Performance

Shares of OTCMKTS ATEYY opened at $76.38 on Tuesday. Advantest has a twelve month low of $33.70 and a twelve month high of $81.86. The firm has a 50-day moving average of $74.42 and a two-hundred day moving average of $58.97.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.85 earnings per share for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.15%. The company had revenue of $1.83 billion during the quarter. Equities analysts predict that Advantest will post 1.61 earnings per share for the current fiscal year.

About Advantest

Advantest Corporation manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia. The company operates through three segments: Semiconductor and Component Test System; Mechatronics Related Business; and Services, Support and Others.