ADDvantage Technologies Group (NASDAQ:AEY) Shares Down 9.7%
Shares of ADDvantage Technologies Group, Inc. (NASDAQ:AEY) were down 9.7% during trading on Friday . The stock traded as low as $2.80 and last traded at $2.90, approximately 690,224 shares traded hands during mid-day trading. An increase of 365% from the average daily volume of 148,398 shares. The stock had previously closed at $3.21.
Separately, ValuEngine downgraded ADDvantage Technologies Group from a “hold” rating to a “sell” rating in a report on Thursday, November 21st.
The firm has a market cap of $30.57 million, a price-to-earnings ratio of -5.69 and a beta of 0.47. The firm has a fifty day moving average price of $2.39 and a 200-day moving average price of $2.16.
An institutional investor recently raised its position in ADDvantage Technologies Group stock. Renaissance Technologies LLC grew its stake in shares of ADDvantage Technologies Group, Inc. (NASDAQ:AEY) by 16.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 390,015 shares of the technology company’s stock after buying an additional 54,610 shares during the period. Renaissance Technologies LLC owned 3.76% of ADDvantage Technologies Group worth $959,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.84% of the company’s stock.
About ADDvantage Technologies Group (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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