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 Monday morning,Zacks.com reports.

Several other analysts also recently issued reports on ATEYY. Wall Street Zen downgraded Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group lowered Advantest from a “buy” rating to a “neutral” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Advantest Stock Performance

Shares of ATEYY opened at $190.01 on Monday. The company’s fifty day moving average is $133.61 and its 200-day moving average is $110.07. Advantest has a 12 month low of $33.70 and a 12 month high of $195.42.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.70 earnings per share (EPS) for the quarter. Analysts expect that Advantest will post 1.61 EPS for the current year.

About Advantest

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.