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

ADDvantage Technologies Group stock opened at $1.40 on Monday. The business has a 50 day moving average of $1.27 and a 200-day moving average of $1.41. ADDvantage Technologies Group has a 1 year low of $1.05 and a 1 year high of $2.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 0.89. The company has a market capitalization of $18.51 million, a P/E ratio of -3.59 and a beta of 0.57.

ADDvantage Technologies Group (NASDAQ:AEYGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The technology company reported ($0.11) earnings per share (EPS) for the quarter. ADDvantage Technologies Group had a negative net margin of 6.20% and a negative return on equity of 77.24%. The firm had revenue of $23.76 million during the quarter.

Several institutional investors have recently added to or reduced their stakes in AEY. Citadel Advisors LLC acquired a new stake in ADDvantage Technologies Group during the 3rd quarter valued at approximately $45,000. Virtu Financial LLC acquired a new stake in ADDvantage Technologies Group during the 4th quarter valued at approximately $48,000. Finally, Morgan Stanley increased its position in 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 purchasing an additional 9,508 shares during the period. 3.29% of the stock is owned by institutional investors.

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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