Zacks Investment Research downgraded shares of Advantest (OTCMKTS:ATEYY) from a hold rating to a sell rating in a research note released on Wednesday.

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 (ATEYY) opened at $18.36 on Wednesday. Advantest has a 52 week low of $15.84 and a 52 week high of $23.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.02 and a current ratio of 4.04. The company has a market cap of $3,720.00, a P/E ratio of 55.64 and a beta of 0.44.

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About Advantest

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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