Advantest (OTCMKTS:ATEYY) Stock Rating Cut to Hold at Zacks Research

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

Advantest Stock Down 5.9%

OTCMKTS ATEYY opened at $184.44 on Monday. 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 company has a market capitalization of $135.01 billion, a P/E ratio of 39.29 and a beta of 2.32. Advantest has a one year low of $113.38 and a one year high of $272.50. The stock has a 50 day moving average price of $219.12 and a 200-day moving average price of $187.85.

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