Advantest (OTCMKTS:ATEYY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

ATEYY has been the subject of several other reports. The Goldman Sachs Group cut Advantest from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 8th. Wall Street Zen lowered Advantest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Advantest presently has a consensus rating of “Moderate Buy”.

Advantest Price Performance

Shares of Advantest stock traded up $31.29 on Monday, hitting $193.53. 45,976 shares of the company’s stock traded hands, compared to its average volume of 61,687. Advantest has a one year low of $33.70 and a one year high of $195.42. The firm’s 50-day moving average price is $132.31 and its two-hundred day moving average price is $109.51. The stock has a market capitalization of $142.83 billion, a PE ratio of 78.67 and a beta of 1.99.

Advantest (OTCMKTS:ATEYY) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.70 EPS for the quarter. On average, analysts forecast that Advantest will post 1.61 earnings per share for the current fiscal 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.