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Advantest (OTCMKTS:ATEYY) Downgraded to "Hold" Rating by Wall Street Zen

Advantest logo with Computer and Technology background

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

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

Check Out Our Latest Research Report on Advantest

Advantest Price Performance

Shares of OTCMKTS ATEYY opened at $73.72 on Monday. The company has a 50 day simple moving average of $55.84 and a 200-day simple moving average of $54.16. The company has a market capitalization of $54.41 billion, a P/E ratio of 60.43 and a beta of 1.60. Advantest has a 1 year low of $33.70 and a 1 year high of $77.11.

About Advantest

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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