Wall Street Zen Downgrades Advantest (OTCMKTS:ATEYY) to Hold

Advantest (OTCMKTS:ATEYY) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Zacks Research raised Advantest from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Advantest Stock Performance

ATEYY opened at $159.30 on Friday. The firm has a market cap of $116.61 billion, a price-to-earnings ratio of 57.93 and a beta of 2.10. Advantest has a 12 month low of $36.70 and a 12 month high of $195.42. The stock has a fifty day moving average price of $158.22 and a 200-day moving average price of $139.16.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.70 EPS for the quarter. The company had revenue of $1.78 billion during the quarter. On average, equities research analysts forecast that Advantest will post 1.61 EPS for the current 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.