Advantest (OTCMKTS:ATEYY) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a buy rating in a report published on Monday.

A number of other research analysts have also recently commented on ATEYY. Zacks Research upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Sanford C. Bernstein upgraded Advantest from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Advantest Stock Performance

Shares of ATEYY opened at $196.00 on Monday. Advantest has a 52 week low of $38.25 and a 52 week high of $197.39. The stock has a market capitalization of $143.47 billion, a price-to-earnings ratio of 71.27 and a beta of 2.10. The stock has a fifty day moving average of $159.57 and a 200-day moving average of $144.49.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Monday, April 27th. The company reported $1.11 EPS for the quarter. As a group, equities analysts forecast that Advantest will post 3.05 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.