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

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 downgraded shares of Advantest (OTCMKTS:ATEYY - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

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

Advantest Stock Up 5.3%

OTCMKTS:ATEYY traded up $4.14 during mid-day trading on Tuesday, reaching $81.81. The company's stock had a trading volume of 66,731 shares, compared to its average volume of 166,261. Advantest has a 1 year low of $33.70 and a 1 year high of $83.99. The stock has a fifty day moving average of $74.49 and a 200-day moving average of $59.01.

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

Advantest Company Profile

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.