Advantest (OTCMKTS:ATEYY) Stock Rating Lowered by Zacks Research

Advantest (OTCMKTS:ATEYY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

ATEYY has been the subject of several other reports. Wall Street Zen downgraded shares of Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group cut Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Advantest Stock Down 0.7%

OTCMKTS ATEYY opened at $128.01 on Tuesday. Advantest has a 52 week low of $33.70 and a 52 week high of $152.70. The company has a 50 day moving average price of $112.14 and a 200 day moving average price of $81.13. The firm has a market cap of $94.48 billion, a PE ratio of 52.04 and a beta of 1.94.

Advantest (OTCMKTS:ATEYY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.74 earnings per share for the quarter. The business had revenue of $1.78 billion for the quarter. On average, equities research analysts anticipate that Advantest will post 1.61 earnings per share for the current fiscal 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.