Begins Coverage on ADDvantage Technologies Group (NASDAQ:AEY) started coverage on shares of ADDvantage Technologies Group (NASDAQ:AEYGet Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the technology company’s stock.

NASDAQ AEY opened at $1.13 on Wednesday. ADDvantage Technologies Group has a 1 year low of $1.09 and a 1 year high of $2.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 0.98. The stock has a market capitalization of $14.72 million, a PE ratio of -2.13 and a beta of 0.47. The company’s 50 day simple moving average is $1.27 and its two-hundred day simple moving average is $1.60.

ADDvantage Technologies Group (NASDAQ:AEYGet Rating) last posted its earnings results on Monday, February 14th. The technology company reported ($0.16) earnings per share (EPS) for the quarter. ADDvantage Technologies Group had a negative return on equity of 87.68% and a negative net margin of 9.66%. The firm had revenue of $18.69 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley raised its position in shares of ADDvantage Technologies Group by 76.2% during the 3rd quarter. Morgan Stanley now owns 21,992 shares of the technology company’s stock valued at $52,000 after buying an additional 9,508 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of ADDvantage Technologies Group during the 3rd quarter valued at $45,000. Finally, Virtu Financial LLC purchased a new stake in shares of ADDvantage Technologies Group during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 3.52% of the company’s stock.

About ADDvantage Technologies Group (Get Rating)

ADDvantage Technologies Group, Inc, through its subsidiaries, distributes and services electronics and hardware for the telecommunications industry 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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