Zacks: Advantest Corp (ATEYY) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Advantest Corp (NASDAQ:ATEYY) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also assigned Advantest Corp an industry rank of 44 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Advantest Corp from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, February 28th.
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Shares of Advantest Corp (NASDAQ:ATEYY) remained flat at $18.89 during midday trading on Wednesday. 18 shares of the stock traded hands. The stock has a market capitalization of $3.34 billion and a price-to-earnings ratio of 28.41. The stock has a 50 day moving average price of $18.38 and a 200 day moving average price of $17.29. Advantest Corp has a 52 week low of $10.15 and a 52 week high of $19.64.
About Advantest Corp
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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