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

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

Advantest Trading Down 5.9%

Shares of ATEYY opened at $184.44 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.67 and a quick ratio of 1.85. Advantest has a 1 year low of $113.38 and a 1 year high of $272.50. The company has a 50 day simple moving average of $219.12 and a two-hundred day simple moving average of $187.85. The firm has a market cap of $135.01 billion, a P/E ratio of 36.96 and a beta of 2.32.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) 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 for the quarter. On average, equities analysts expect that Advantest will post 6.48 earnings per share for the current fiscal year.

About Advantest

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.