ADDvantage Technologies Group (NASDAQ:AEY) Sees Strong Trading Volume

ADDvantage Technologies Group, Inc. (NASDAQ:AEY) shares saw strong trading volume on Wednesday . 882,428 shares were traded during trading, an increase of 850% from the previous session’s volume of 92,902 shares.The stock last traded at $3.11 and had previously closed at $2.81.

Separately, ValuEngine lowered ADDvantage Technologies Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st.

The stock has a market capitalization of $30.57 million, a price-to-earnings ratio of -5.69 and a beta of 0.47. The stock has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $2.17.

ADDvantage Technologies Group (NASDAQ:AEY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.17) EPS for the quarter. ADDvantage Technologies Group had a negative return on equity of 12.26% and a negative net margin of 8.29%. The business had revenue of $13.96 million for the quarter.

An institutional investor recently raised its position in ADDvantage Technologies Group stock. Renaissance Technologies LLC boosted its holdings in shares of ADDvantage Technologies Group, Inc. (NASDAQ:AEY) by 16.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 390,015 shares of the technology company’s stock after acquiring an additional 54,610 shares during the quarter. Renaissance Technologies LLC owned 3.76% of ADDvantage Technologies Group worth $959,000 at the end of the most recent quarter. 10.84% of the stock is currently owned by institutional investors and hedge funds.

ADDvantage Technologies Group Company Profile (NASDAQ:AEY)

ADDvantage Technologies Group, Inc, through its subsidiaries, distributes and services electronics and hardware for the cable television and telecommunication industries in the United States, Canada, Central America, Asia, Europe, Mexico, South America, and internationally. The company operates through two segments, Cable Television and Telecommunications.

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