Advantest (OTCMKTS:ATEYY) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Advantest (OTCMKTS:ATEYY) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

Advantest Stock Performance

Shares of OTCMKTS ATEYY opened at $184.44 on Monday. The stock has a 50 day moving average price of $219.12 and a 200 day moving average price of $187.85. Advantest has a 52 week low of $113.38 and a 52 week high of $272.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 2.67. The stock has a market capitalization of $135.01 billion, a PE ratio of 36.96 and a beta of 2.32.

Advantest (OTCMKTS:ATEYY) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter. Advantest had a return on equity of 67.22% and a net margin of 39.57%. The firm had revenue of $3 billion for the quarter. Analysts predict that Advantest will post 6.48 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation is a Japanese technology company that develops and manufactures test equipment used in the semiconductor industry. Its systems help customers evaluate semiconductor devices during production, supporting quality control and the development of increasingly complex chips. The company’s offerings include automated test equipment for system-on-chip and memory devices, as well as handlers and related products that move and connect devices during testing. Advantest also provides test solutions for electronic components and services that support its equipment.