The electronics industry closed the day up 3.9%. Valpey Fisher Corporation ( VPF), Mocon Inc ( MOCO), BTU International Inc ( BTUI), and Daystar Technologies Inc ( DSTI) were all decliners today within the electronics industry with Advantest ( ATE) being today's featured electronics loser. Advantest fell 19 cents (-1.9%) to $10.08 on light volume. Throughout the day, 14,279 shares of Advantest exchanged hands as compared to its average daily volume of 23,700 shares. Advantest Corporation and its subsidiaries manufacture and sell semiconductor and component test system products, and mechatronics-related products. It operates in three segments: Semiconductor and Component Test System; Mechatronics System; and Services, Support, and Others. Advantest has a market cap of $1.9 billion and is part of the technology sector. The company has a P/E ratio of 48.5, below the average electronics industry P/E ratio of 58 and above the S&P 500 P/E ratio of 17.7. Shares are down 52.6% year to date as of the close of trading on Monday. TheStreet Ratings rates Advantest as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income.
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