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

StockNews.com assumed coverage on shares of ADDvantage Technologies Group (NASDAQ:AEYGet Rating) in a research report issued on Friday. The firm set a “sell” rating on the technology company’s stock.

Shares of AEY opened at $1.13 on Friday. The company has a market cap of $14.78 million, a P/E ratio of -2.14 and a beta of 0.58. ADDvantage Technologies Group has a twelve month low of $1.05 and a twelve month high of $2.91. The company’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.51. The company has a current ratio of 1.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.16.

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

A number of hedge funds have recently bought and sold shares of AEY. Morgan Stanley grew its holdings in ADDvantage Technologies Group by 76.2% during the 3rd quarter. Morgan Stanley now owns 21,992 shares of the technology company’s stock worth $52,000 after acquiring an additional 9,508 shares in the last quarter. Citadel Advisors LLC bought a new position in ADDvantage Technologies Group during the 3rd quarter worth about $45,000. Finally, Virtu Financial LLC bought a new position in ADDvantage Technologies Group during the 4th quarter worth about $48,000. 3.29% of the stock is currently owned by institutional investors.

ADDvantage Technologies Group Company Profile (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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