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 issued on Tuesday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Advantest Price Performance

Shares of OTCMKTS:ATEYY opened at $127.20 on Tuesday. The firm has a market capitalization of $93.88 billion, a P/E ratio of 51.71 and a beta of 1.94. The business’s 50-day moving average is $113.16 and its 200 day moving average is $81.45. Advantest has a 1 year low of $33.70 and a 1 year high of $152.70.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion during the quarter. On average, analysts expect that Advantest will post 1.61 EPS for the current year.

Advantest Company Profile

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.