ADDvantage Technologies Group (NASDAQ:AEY) Stock Price Up 6.1%

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ADDvantage Technologies Group, Inc. (NASDAQ:AEY) rose 6.1% during mid-day trading on Thursday . The company traded as high as $3.19 and last traded at $3.30, approximately 32,489 shares changed hands during mid-day trading. A decline of 65% from the average daily volume of 92,902 shares. The stock had previously closed at $3.11.

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

The stock’s fifty day simple moving average is $2.40 and its 200-day simple moving average is $2.17.

ADDvantage Technologies Group (NASDAQ:AEY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $13.96 million during the quarter. ADDvantage Technologies Group had a negative net margin of 8.97% and a negative return on equity of 14.72%.

An institutional investor recently raised its position in ADDvantage Technologies Group stock. Renaissance Technologies LLC lifted its position in shares of ADDvantage Technologies Group, Inc. (NASDAQ:AEY) by 16.3% in the fourth quarter, according to the company in its most recent 13F 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 period. Renaissance Technologies LLC owned approximately 3.76% of ADDvantage Technologies Group worth $959,000 as of its most recent filing with the Securities and Exchange Commission. 10.84% of the stock is 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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