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

StockNews.com started coverage on shares of ADDvantage Technologies Group (NASDAQ:AEYGet Rating) in a research note released on Monday morning. The firm issued a sell rating on the technology company’s stock.

ADDvantage Technologies Group Stock Performance

Shares of AEY stock opened at $1.80 on Monday. The company has a 50 day moving average price of $1.93 and a 200-day moving average price of $1.66. ADDvantage Technologies Group has a 52 week low of $1.05 and a 52 week high of $2.34. The firm has a market capitalization of $25.27 million, a PE ratio of -20.00 and a beta of 0.56. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 0.14.

Institutional Trading of ADDvantage Technologies Group

A number of large investors have recently made changes to their positions in AEY. Vanguard Group Inc. grew its position in 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 buying an additional 56,410 shares during the period. Renaissance Technologies LLC grew its position in ADDvantage Technologies Group by 477.2% during the third quarter. Renaissance Technologies LLC now owns 76,196 shares of the technology company’s stock valued at $134,000 after buying an additional 62,996 shares during the period. Two Sigma Investments LP bought a new stake in ADDvantage Technologies Group during the third quarter valued at approximately $62,000. Finally, State Street Corp bought a new stake in ADDvantage Technologies Group during the third quarter valued at approximately $48,000. 3.34% 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.

Read More

Receive News & Ratings for ADDvantage Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADDvantage Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.