Advantest (OTCMKTS:ATEYY) was downgraded by stock analysts at Mizuho from a “neutral” rating to an “underperform” rating in a research note issued on Friday, The Fly reports.
Separately, Zacks Investment Research upgraded shares of Advantest from a “sell” rating to a “hold” rating in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Advantest currently has an average rating of “Hold” and a consensus target price of $32.00.
Shares of OTCMKTS:ATEYY opened at $25.32 on Friday. Advantest has a 12 month low of $16.20 and a 12 month high of $29.89. The firm has a market cap of $4.91 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.09 and a beta of 1.19.
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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