ADDvantage Technologies Group (NASDAQ:AEY) Shares Pass Below 200-Day Moving Average of $0.79

ADDvantage Technologies Group, Inc. (NASDAQ:AEY)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.79 and traded as low as $0.35. ADDvantage Technologies Group shares last traded at $0.36, with a volume of 33,225 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of ADDvantage Technologies Group in a research note on Tuesday, September 5th. They set a “sell” rating on the stock.

ADDvantage Technologies Group Stock Performance

The firm has a market capitalization of $5.32 million, a price-to-earnings ratio of -1.04 and a beta of 0.54. The company has a quick ratio of 0.66, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $0.52 and a 200 day moving average price of $0.79.

ADDvantage Technologies Group (NASDAQ:AEY) last announced its quarterly earnings data on Monday, August 14th. The technology company reported ($0.20) EPS for the quarter. ADDvantage Technologies Group had a negative return on equity of 47.19% and a negative net margin of 6.35%. The company had revenue of $12.09 million for the quarter.

Hedge Funds Weigh In On ADDvantage Technologies Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEY. Renaissance Technologies LLC boosted its holdings in ADDvantage Technologies Group by 477.2% in the third quarter. Renaissance Technologies LLC now owns 76,196 shares of the technology company’s stock valued at $134,000 after purchasing an additional 62,996 shares in the last quarter. Vanguard Group Inc. boosted its holdings in ADDvantage Technologies Group by 64.3% in the third quarter. Vanguard Group Inc. now owns 144,161 shares of the technology company’s stock valued at $254,000 after purchasing an additional 56,410 shares in the last quarter. Two Sigma Investments LP acquired a new position in ADDvantage Technologies Group in the third quarter valued at approximately $62,000. State Street Corp acquired a new position in ADDvantage Technologies Group in the third quarter valued at approximately $48,000. Finally, Geode Capital Management LLC lifted its stake in 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 last quarter. 3.68% of the stock is owned by institutional investors and hedge funds.

About ADDvantage Technologies Group

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.