Advantest (OTCMKTS:ATEYY) Upgraded at Zacks Research

Zacks Research upgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded Advantest from a “hold” rating to a “buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Advantest has an average rating of “Buy”.

Advantest Stock Performance

Shares of ATEYY opened at $106.75 on Wednesday. Advantest has a 1 year low of $33.70 and a 1 year high of $109.99. The business has a 50-day moving average of $83.39 and a 200-day moving average of $64.87.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.85 earnings per share (EPS) for the quarter. The company had revenue of $1.83 billion for the quarter. Sell-side analysts predict that Advantest will post 1.61 EPS 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.