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

Stock analysts at StockNews.com started coverage on shares of ADDvantage Technologies Group (NASDAQ:AEY – Get Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.

ADDvantage Technologies Group Stock Performance

NASDAQ AEY opened at $0.59 on Wednesday. The firm has a market capitalization of $8.41 million, a P/E ratio of -8.71 and a beta of 0.48. ADDvantage Technologies Group has a 1-year low of $0.55 and a 1-year high of $2.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.46 and a quick ratio of 0.80. The business’s 50-day simple moving average is $0.99 and its 200-day simple moving average is $1.34.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted 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 valued at $30,000 after buying an additional 9,236 shares during the period. Susquehanna International Group LLP bought a new stake in ADDvantage Technologies Group during the 1st quarter valued at approximately $26,000. State Street Corp bought a new stake in ADDvantage Technologies Group during the 3rd quarter valued at approximately $48,000. Two Sigma Investments LP bought a new stake in shares of ADDvantage Technologies Group in the 3rd quarter worth approximately $62,000. Finally, Renaissance Technologies LLC lifted its position in shares of ADDvantage Technologies Group by 65.2% in the 4th 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. 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.