Advantest (OTCMKTS:ATEYY) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research has downgraded Advantest from a "strong-buy" rating to a "hold" rating, indicating a more cautious outlook for the company's stock.
• Despite the downgrade, Wall Street Zen upgraded Advantest from a "hold" to a "buy" rating earlier this month, highlighting mixed analyst sentiment.
• Advantest reported earnings of $0.85 per share for the last quarter, with projected EPS of 1.61 for the current fiscal year, reflecting strong revenue performance.

Zacks Research cut shares of Advantest (OTCMKTS:ATEYY - Free Report) from a strong-buy rating to a hold rating in a report issued on Tuesday, September 2nd,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Advantest from a "hold" rating to a "buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Advantest currently has an average rating of "Hold".

Advantest Trading Up 4.5%

Shares of OTCMKTS:ATEYY traded up $3.67 during trading on Tuesday, reaching $85.48. The stock had a trading volume of 44,051 shares, compared to its average volume of 165,565. Advantest has a 52 week low of $33.70 and a 52 week high of $85.69. The stock has a fifty day simple moving average of $74.65 and a two-hundred day simple moving average of $59.14.

Advantest (OTCMKTS:ATEYY - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.85 EPS for the quarter. The company had revenue of $1.83 billion for the quarter. Advantest had a net margin of 19.95% and a return on equity of 29.15%. Equities analysts anticipate that Advantest will post 1.61 EPS for the current year.

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.