Advantest (ATEYY) Stock Rating Upgraded by Goldman Sachs Group

Advantest (OTCMKTS:ATEYY) was upgraded by investment analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research note issued on Tuesday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Advantest from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a research note on Saturday, July 14th. ValuEngine cut shares of Advantest from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th.

Shares of OTCMKTS:ATEYY traded up $2.35 on Tuesday, reaching $18.55. 6,239 shares of the company were exchanged, compared to its average volume of 1,451. Advantest has a 1-year low of $16.20 and a 1-year high of $25.80. The stock has a market cap of $2.85 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.00.

About Advantest

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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