StockNews.com has started its coverage of ADDvantage Technologies Group, giving the company a “sell” rating. ADDvantage Technologies Group stock has a one-year low of $1.05 and a one-year high of $2.30. The company provides electronics and hardware for the cable television and telecommunications industries, with institutional investors owning 7.22% of the company’s stock. The Wireless Infrastructure Services segment provides wireless infrastructure services, including the installation, modification, and upgrading of equipment on communication towers and small cell sites. Recent data shows that Vanguard Group Inc. and Renaissance Technologies LLC raised their holdings in ADDvantage Technologies Group by 64.3% and 65.2%, respectively. Two Sigma Investments LP and State Street Corp bought new stakes in the company. Finally, Geode Capital Management LLC increased its stake in the company by 77.4% in the fourth quarter.
StockNews.com has recently initiated its coverage on ADDvantage Technologies Group (NASDAQ:AEY) by giving a “sell” rating on Wednesday. The company’s stock opened at $1.15 on Wednesday, with a 50-day simple moving average of $1.41 and a 200-day simple moving average of $1.62. The firm has a debt-to-equity ratio of 0.10, a current ratio of 1.61, and a quick ratio of 0.89. It has a one-year low of $1.05 and a one-year high of $2.30, with a market cap of $16.25 million, a PE ratio of 38.33, and a beta of 0.54.
Recent data shows that institutional investors own 7.22% of the company’s stock. Vanguard Group Inc. has raised its holdings in ADDvantage Technologies Group by 64.3% during the third quarter, and now owns 144,161 shares of the technology company’s stock worth $254,000 after purchasing an additional 56,410 shares during the last quarter. Renaissance Technologies LLC has also raised its holdings in the firm by 65.2% during the fourth quarter, and now owns 125,902 shares of the technology company’s stock worth $183,000 after purchasing an additional 49,706 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of ADDvantage Technologies Group in the third quarter valued at $62,000. State Street Corp bought a new stake in shares of the company in the third quarter valued at $48,000. Finally, Geode Capital Management LLC increased its stake in shares of ADDvantage Technologies Group by 77.4% in the fourth quarter. Geode Capital Management LLC now owns 21,164 shares of the technology company’s stock valued at $30,000 after acquiring an additional 9,236 shares in the last quarter.
ADDvantage Technologies Group, Inc provides electronics and hardware for the cable television and telecommunications industries, operating through the Wireless Infrastructure Services and Telecommunications segments. The Wireless Infrastructure Services segment provides wireless infrastructure services, including the installation, modification, and upgrading of equipment on communication towers and small cell sites for wireless carriers, national integrators, tower owners, and major equipment manufacturers.
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