ADDvantage Technologies Group, Inc offers a line of electronics and hardware to the cable television and telecommunications industries. The company provides wireless infrastructure services to wireless carriers, national integrators, tower owners, and major equipment manufacturers, including installation, modification, and upgrading of equipment on communication towers and small cell sites. In terms of institutional inflows and outflows, hedge funds have recently increased their position in ADDvantage Technologies Group while some have reduced their stakes in the business. The company has a market capitalization of $16.25 million and a beta of 0.54. In addition, the firm has a current ratio of 1.61 and a quick ratio of 0.89, with a debt-to-equity ratio of 0.10. As of the time of writing, StockNews.com issued a “sell” rating for the company.
ADDvantage Technologies Group, Inc. (NASDAQ:AEY – Get Rating) experienced a downturn in its shares as they crossed below the 200-day moving average of $1.62 during trading on Tuesday. The company’s shares were trading at $1.39, a decrease of 4.49% from the previous close.
Analysts Set New Price Targets
On a separate note, StockNews.com began coverage on ADDvantage Technologies Group and issued a “sell” rating for the company. This news comes as the company has a market capitalization of $16.25 million, a P/E ratio of 38.33, and a beta of 0.54.
The company has a current ratio of 1.61 and a quick ratio of 0.89. Additionally, it has a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $1.41, and the 200-day moving average price is $1.62.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in ADDvantage Technologies Group. For instance, Geode Capital Management LLC increased its position in the technology company’s stock by 77.4% during the fourth quarter, now owning 21,164 shares valued at $30,000 after buying an additional 9,236 shares.
State Street Corp also acquired a new position in shares of ADDvantage Technologies Group in the third quarter valued at about $48,000. Two Sigma Investments LP and Renaissance Technologies LLC also acquired new positions in shares of ADDvantage Technologies Group in the third quarter valued at about $62,000 and $134,000, respectively.
Finally, Vanguard Group Inc. increased its holdings in shares of ADDvantage Technologies Group by 64.3% in the third quarter and now owns 144,161 shares valued at $254,000 after purchasing an additional 56,410 shares.
Overall, institutional investors and hedge funds own 7.22% of the company’s stock.
About ADDvantage Technologies Group
ADDvantage Technologies Group provides a diverse range of communications equipment and services to a broad range of customers. They serve the cable television, telecommunications, and broadcast industries, among others. The company also offers repair services and operates an equipment rental program.
ADDvantage Technologies Group Offers Electronics and Hardware for Telecommunications Industry
ADDvantage Technologies Group, Inc is a company that provides electronics and hardware for the cable television and telecommunications industries. The company operates through two segments: Wireless Infrastructure Services and Telecommunications.
The Wireless Infrastructure Services segment of ADDvantage Technologies Group offers wireless infrastructure services to wireless carriers, national integrators, tower owners, and major equipment manufacturers. These services include the installation, modification, and upgrading of equipment on communication towers and small cell sites.
Further Reading
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