Wall Street Zen lowered shares of Advantest (OTCMKTS:ATEYY - Free Report) from a buy rating to a hold rating in a report released on Saturday morning.
Separately, Sanford C. Bernstein downgraded shares of Advantest from a "strong-buy" rating to a "market perform" rating in a research note on Monday, March 24th.
View Our Latest Research Report on Advantest
Advantest Stock Up 2.6%
Advantest stock traded up $1.32 during midday trading on Friday, hitting $51.57. 310,179 shares of the stock were exchanged, compared to its average volume of 165,061. 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 stock has a market capitalization of $38.06 billion, a price-to-earnings ratio of 42.27 and a beta of 1.44. The business's 50-day moving average price is $44.10 and its 200-day moving average price is $53.24. Advantest has a 52-week low of $32.91 and a 52-week high of $65.40.
Advantest Company Profile
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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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