Advantest (OTCMKTS:ATEYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, March 13th. The brokerage presently has a $24.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 11.63% from the stock’s current price.
According to Zacks, “Advantest Corporation is one of the world’s leading automatic test equipment suppliers to the semiconductor industry, and is also a producer of electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers, and device handlers, are integrated into the most advanced semiconductor fabrication lines in the world. “
Shares of Advantest stock traded down $0.08 during trading on Tuesday, reaching $21.50. The company had a trading volume of 200 shares, compared to its average volume of 1,883. Advantest has a 52 week low of $16.46 and a 52 week high of $23.40. The company has a market capitalization of $3,784.31, a price-to-earnings ratio of 39.24, a PEG ratio of 1.78 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.02 and a current ratio of 4.04.
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Advantest Company Profile
Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products, such as test handlers and device interfaces. The Company engages in research and development activities, and provides maintenance and support services associated with these products.
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