ADDvantage Technologies Group (NASDAQ:AEY) Posts Earnings Results

ADDvantage Technologies Group (NASDAQ:AEY) released its quarterly earnings data on Tuesday. The technology company reported ($0.19) earnings per share (EPS) for the quarter, reports. ADDvantage Technologies Group had a negative net margin of 6.35% and a negative return on equity of 47.19%. The company had revenue of $10.34 million for the quarter.

ADDvantage Technologies Group Stock Down 18.8 %

AEY stock opened at $0.26 on Thursday. ADDvantage Technologies Group has a twelve month low of $0.21 and a twelve month high of $2.03. The company has a quick ratio of 0.66, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.89 million, a PE ratio of -0.76 and a beta of 0.57. The business has a 50 day moving average of $3.43 and a 200 day moving average of $5.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of ADDvantage Technologies Group by 64.3% in the 3rd quarter. Vanguard Group Inc. now owns 144,161 shares of the technology company’s stock worth $254,000 after purchasing an additional 56,410 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of ADDvantage Technologies Group by 65.2% in the fourth quarter. Renaissance Technologies LLC now owns 125,902 shares of the technology company’s stock worth $183,000 after acquiring an additional 49,706 shares during the period. Two Sigma Investments LP bought a new stake in shares of ADDvantage Technologies Group in the third quarter worth $62,000. State Street Corp bought a new stake in shares of ADDvantage Technologies Group in the third quarter worth $48,000. Finally, Geode Capital Management LLC grew its holdings in shares of ADDvantage Technologies Group by 77.4% in the fourth quarter. Geode Capital Management LLC now owns 21,164 shares of the technology company’s stock worth $30,000 after acquiring an additional 9,236 shares during the period. Institutional investors own 3.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on ADDvantage Technologies Group in a research note on Thursday. They issued a “sell” rating on the stock.

ADDvantage Technologies Group Company Profile

ADDvantage Technologies Group, Inc, through its subsidiaries, operates as a communications infrastructure services and equipment provider in the United States and internationally. It operates through two segments, Wireless Infrastructure Services and Telecommunications. The Wireless Infrastructure Services segment provides turn-key wireless infrastructure services for U.S.