ADDvantage Technologies Group (NASDAQ:AEY) Stock Price Crosses Below 200 Day Moving Average of $1.54

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Shares of ADDvantage Technologies Group, Inc. (NASDAQ:AEY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.54 and traded as low as $1.98. ADDvantage Technologies Group shares last traded at $1.98, with a volume of 200 shares traded.

Separately, TheStreet upgraded ADDvantage Technologies Group from a “d+” rating to a “c-” rating in a research report on Tuesday, July 16th.

The firm has a 50-day moving average of $1.83 and a two-hundred day moving average of $1.54.

ADDvantage Technologies Group (NASDAQ:AEY) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported ($0.14) earnings per share for the quarter. ADDvantage Technologies Group had a negative return on equity of 18.92% and a negative net margin of 15.06%. The business had revenue of $17.56 million for the quarter.

An institutional investor recently raised its position in ADDvantage Technologies Group stock. Renaissance Technologies LLC raised its position in ADDvantage Technologies Group, Inc. (NASDAQ:AEY) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 285,969 shares of the technology company’s stock after purchasing an additional 20,800 shares during the quarter. Renaissance Technologies LLC owned 2.76% of ADDvantage Technologies Group worth $452,000 as of its most recent SEC filing. 10.37% of the stock is owned by institutional investors.

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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