ADDvantage Technologies Group (NASDAQ:AEY) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of ADDvantage Technologies Group (NASDAQ:AEY) in a research note released on Wednesday morning. The brokerage issued a sell rating on the technology company’s stock.

ADDvantage Technologies Group Price Performance

AEY stock opened at $0.35 on Wednesday. The firm’s 50-day moving average is $0.51 and its two-hundred day moving average is $0.79. The company has a market capitalization of $5.27 million, a price-to-earnings ratio of -1.04 and a beta of 0.54. ADDvantage Technologies Group has a 52 week low of $0.34 and a 52 week high of $2.30. The company has a current ratio of 1.31, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13.

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

Institutional Trading of ADDvantage Technologies Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of ADDvantage Technologies Group by 64.3% during 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 during the last quarter. Renaissance Technologies LLC lifted its stake in ADDvantage Technologies Group by 65.2% during the fourth quarter. Renaissance Technologies LLC now owns 125,902 shares of the technology company’s stock valued at $183,000 after buying an additional 49,706 shares in the last quarter. Resources Investment Advisors LLC. acquired a new position in shares of ADDvantage Technologies Group in the first quarter worth about $102,000. Creative Planning increased its position in shares of ADDvantage Technologies Group by 79.5% in the second quarter. Creative Planning now owns 45,625 shares of the technology company’s stock worth $28,000 after acquiring an additional 20,206 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of ADDvantage Technologies Group during the third quarter valued at approximately $62,000. 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.