ADDvantage Technologies Group (NASDAQ:AEY) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of ADDvantage Technologies Group (NASDAQ:AEY – Get Rating) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the technology company’s stock.

ADDvantage Technologies Group Price Performance

Shares of NASDAQ:AEY opened at $0.82 on Tuesday. The firm has a market capitalization of $11.59 million, a price-to-earnings ratio of 27.34 and a beta of 0.49. The stock’s 50 day moving average is $1.10 and its 200-day moving average is $1.41. ADDvantage Technologies Group has a twelve month low of $0.80 and a twelve month high of $2.30. The company has a quick ratio of 0.89, a current ratio of 1.61 and a debt-to-equity ratio of 0.10.

ADDvantage Technologies Group (NASDAQ:AEY – Get Rating) last announced its earnings results on Tuesday, March 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter. ADDvantage Technologies Group had a net margin of 0.49% and a return on equity of 4.75%. The business had revenue of $19.55 million for the quarter.

Hedge Funds Weigh In On ADDvantage Technologies Group

Large investors have recently modified their holdings of the company. Resources Investment Advisors LLC. bought a new stake in shares of ADDvantage Technologies Group in the 1st quarter worth approximately $102,000. Renaissance Technologies LLC boosted its position in shares of ADDvantage Technologies Group by 65.2% during the fourth quarter. Renaissance Technologies LLC now owns 125,902 shares of the technology company’s stock valued at $183,000 after purchasing an additional 49,706 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ADDvantage Technologies Group by 77.4% during the fourth quarter. Geode Capital Management LLC now owns 21,164 shares of the technology company’s stock valued at $30,000 after purchasing an additional 9,236 shares in the last quarter. State Street Corp bought a new stake in shares of ADDvantage Technologies Group during the third quarter valued at approximately $48,000. Finally, Two Sigma Investments LP bought a new stake in ADDvantage Technologies Group in the third quarter worth $62,000. 7.22% of the stock is owned by hedge funds and other institutional investors.

About ADDvantage Technologies Group

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ADDvantage Technologies Group, Inc engages in the provision of turn-key wireless infrastructure services for wireless carriers, tower companies, and equipment manufacturers. It also distributes and services a line of electronics and hardware for the telecommunications industry. The firm operates through the Wireless Infrastructure Services (Wireless) and Telecommunications (Telco) segments.