Advantest (OTCMKTS:ATEYY) Rating Lowered to Hold at Wall Street Zen

Advantest (OTCMKTS:ATEYY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Friday.

Separately, Sanford C. Bernstein downgraded Advantest from a "strong-buy" rating to a "market perform" rating in a report on Monday, March 24th.

Advantest Trading Down 3.8%

Shares of OTCMKTS ATEYY traded down $1.94 during midday trading on Friday, hitting $49.63. The stock had a trading volume of 274,446 shares, compared to its average volume of 165,585. The company has a market capitalization of $36.63 billion, a price-to-earnings ratio of 40.68 and a beta of 1.44. Advantest has a 1-year low of $32.91 and a 1-year high of $65.40. The company has a quick ratio of 1.78, a current ratio of 2.94 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $44.06 and a 200 day moving average price of $53.07.

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.