Advantest (ATEYY) Downgraded to “Hold” at ValuEngine

ValuEngine lowered shares of Advantest (OTCMKTS:ATEYY) from a buy rating to a hold rating in a research report report published on Wednesday, September 12th.

Separately, Zacks Investment Research cut shares of Advantest from a strong-buy rating to a hold rating in a research report on Monday, June 18th.

Shares of ATEYY traded down $0.17 during trading hours on Wednesday, hitting $20.24. The stock had a trading volume of 180 shares, compared to its average volume of 4,951. The company has a market cap of $3.77 billion, a PE ratio of 24.10, a P/E/G ratio of 0.82 and a beta of 1.00. Advantest has a 1-year low of $18.35 and a 1-year high of $25.80.

Advantest (OTCMKTS:ATEYY) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.27. The business had revenue of $650.44 million during the quarter, compared to the consensus estimate of $527.52 million. Advantest had a return on equity of 25.20% and a net margin of 13.14%. Equities research analysts predict that Advantest will post 1.69 earnings per share for the current fiscal year.

Advantest Company Profile

Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products. It operates through Semiconductor and Component Test System; Mechatronics System; and Services, Support and Others segments. The Semiconductor and Component Test System segment provides customers with test system products for the semiconductor industry and the electronic parts industry.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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