Wall Street Zen Downgrades Advantest (OTCMKTS:ATEYY) to Hold

Wall Street Zen cut shares of Advantest (OTCMKTS:ATEYY - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.

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

Advantest Stock Down 0.9%

Shares of Advantest stock traded down $0.44 during midday trading on Friday, hitting $50.25. The company's stock had a trading volume of 94,878 shares, compared to its average volume of 163,611. The stock has a 50-day simple moving average of $44.15 and a 200-day simple moving average of $53.32. Advantest has a 1-year low of $32.91 and a 1-year high of $65.40. The firm has a market capitalization of $37.09 billion, a P/E ratio of 41.19 and a beta of 1.44. The company has a quick ratio of 1.78, a current ratio of 2.94 and a debt-to-equity ratio of 0.15.

About Advantest

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.