Zacks Research Upgrades Advantest (OTCMKTS:ATEYY) to “Strong-Buy”

Advantest (OTCMKTS:ATEYYGet Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Wall Street Zen raised Advantest from a “hold” rating to a “buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Advantest currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on ATEYY

Advantest Stock Performance

OTCMKTS:ATEYY opened at $103.80 on Wednesday. The firm has a 50-day moving average price of $82.76 and a two-hundred day moving average price of $64.53. Advantest has a twelve month low of $33.70 and a twelve month high of $107.06.

Advantest (OTCMKTS:ATEYYGet Free Report) last released its quarterly 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. On average, equities analysts anticipate that Advantest will post 1.61 earnings per share for the current year.

Advantest Company Profile

(Get Free Report)

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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