Amplifon (OTCMKTS:AMFPF) Shares Gap Up – Should You Buy?

Amplifon S.p.A. (OTCMKTS:AMFPF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.46, but opened at $10.49. Amplifon shares last traded at $10.49, with a volume of 875 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded Amplifon from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Amplifon has a consensus rating of “Moderate Buy”.

Amplifon Stock Up 4.0%

The company has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $14.83. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.62 and a quick ratio of 0.54. The stock has a market cap of $2.31 billion, a PE ratio of 18.73 and a beta of 0.63.

Amplifon Company Profile

Amplifon is a global leader in hearing care, specializing in the retail and distribution of hearing aids, accessories and related services. The company offers a full suite of solutions including diagnostic hearing assessments, personalized hearing aid fittings, follow-up care, tinnitus management and hearing protection. Through its network of branded stores and partner outlets, Amplifon serves individuals across the full spectrum of hearing needs, from prevention and early detection to long-term aftercare.

Founded in Milan in 1950 by Algernon Charles Holland, Amplifon has grown from a single audiology centre into a multinational organization.