ADDvantage Technologies Group (NASDAQ:AEY) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of ADDvantage Technologies Group (NASDAQ:AEY – Get Rating) in a report issued on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

ADDvantage Technologies Group Stock Down 0.8 %

Shares of AEY opened at $0.59 on Wednesday. ADDvantage Technologies Group has a 12 month low of $0.55 and a 12 month high of $2.30. The firm’s 50 day moving average is $1.02 and its 200-day moving average is $1.36. The stock has a market capitalization of $8.41 million, a PE ratio of -8.50 and a beta of 0.49. The company has a current ratio of 1.46, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11.

ADDvantage Technologies Group (NASDAQ:AEY – Get Rating) last posted its quarterly earnings results on Tuesday, March 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $19.55 million for the quarter. ADDvantage Technologies Group had a negative return on equity of 8.52% and a negative net margin of 1.00%.

Institutional Trading of ADDvantage Technologies Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP acquired a new position in shares of ADDvantage Technologies Group during the first quarter worth $26,000. Geode Capital Management LLC lifted its holdings 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 worth $30,000 after purchasing an additional 9,236 shares during the period. State Street Corp acquired a new position in shares of ADDvantage Technologies Group during the third quarter worth $48,000. Two Sigma Investments LP acquired a new position in shares of ADDvantage Technologies Group during the third quarter worth $62,000. Finally, Resources Investment Advisors LLC. acquired a new position in shares of ADDvantage Technologies Group during the first quarter worth $102,000. Institutional investors and hedge funds own 7.22% of the company’s stock.

ADDvantage Technologies Group Company Profile

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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.