Amplifon (OTCMKTS:AMFPF) Shares Gap Down – Here’s Why

Amplifon S.p.A. (OTCMKTS:AMFPF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $12.61, but opened at $11.84. Amplifon shares last traded at $11.50, with a volume of 300 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Amplifon to a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group cut 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 two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Amplifon Stock Performance

The company has a market capitalization of $2.64 billion, a P/E ratio of 15.40 and a beta of 0.63. The stock has a fifty day simple moving average of $10.85 and a 200-day simple moving average of $14.15. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.14.

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.