ADDvantage Technologies Group (NASDAQ:AEY) Now Covered by Analysts at StockNews.com

Posted by on Jul 19th, 2023

Research analysts at StockNews.com assumed coverage on shares of ADDvantage Technologies Group (NASDAQ:AEY – Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

ADDvantage Technologies Group Stock Down 4.8 %

Shares of NASDAQ:AEY opened at $0.59 on Wednesday. The firm’s 50 day moving average price is $0.64 and its 200 day moving average price is $1.07. The stock has a market cap of $8.34 million, a price-to-earnings ratio of -8.43 and a beta of 0.48. ADDvantage Technologies Group has a fifty-two week low of $0.55 and a fifty-two week high of $2.30. The company has a quick ratio of 0.80, a current ratio of 1.46 and a debt-to-equity ratio of 0.11.

ADDvantage Technologies Group (NASDAQ:AEY – Get Free Report) last issued its earnings results on Monday, May 15th. The technology company reported ($0.21) earnings per share for the quarter. The firm had revenue of $14.72 million during the quarter. ADDvantage Technologies Group had a negative net margin of 1.00% and a negative return on equity of 8.52%.

Hedge Funds Weigh In On ADDvantage Technologies Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of ADDvantage Technologies Group by 64.3% during the 3rd quarter. Vanguard Group Inc. now owns 144,161 shares of the technology company’s stock worth $254,000 after buying an additional 56,410 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of ADDvantage Technologies Group by 65.2% during the 4th quarter. Renaissance Technologies LLC now owns 125,902 shares of the technology company’s stock worth $183,000 after buying an additional 49,706 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of ADDvantage Technologies Group during the 3rd quarter worth $62,000. State Street Corp acquired a new position in ADDvantage Technologies Group in the 3rd quarter valued at about $48,000. Finally, Geode Capital Management LLC raised its stake in ADDvantage Technologies Group by 77.4% in the 4th 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 during the last quarter. 5.80% of the stock is currently owned by hedge funds and other institutional investors.

About ADDvantage Technologies Group

(Get Free Report)

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.

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