Wall Street Zen Upgrades Advantest (OTCMKTS:ATEYY) to "Buy"

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

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

Advantest Stock Up 2.6%

OTCMKTS:ATEYY traded up $1.42 during mid-day trading on Friday, hitting $55.21. 235,585 shares of the company's stock were exchanged, compared to its average volume of 165,049. Advantest has a one year low of $33.19 and a one year high of $65.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.94 and a quick ratio of 1.78. The business has a fifty day moving average price of $44.74 and a 200 day moving average price of $52.82. The company has a market cap of $40.74 billion, a PE ratio of 45.25 and a beta of 1.50.

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.