ADDvantage Technologies Group (NASDAQ:AEY) Shares Pass Above 200-Day Moving Average of $1.71

ADDvantage Technologies Group, Inc. (NASDAQ:AEY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.71 and traded as high as $2.50. ADDvantage Technologies Group shares last traded at $2.50, with a volume of 200 shares.

A number of research firms recently commented on AEY. TheStreet raised ADDvantage Technologies Group from a “d+” rating to a “c-” rating in a report on Tuesday, July 16th. ValuEngine upgraded ADDvantage Technologies Group from a “sell” rating to a “hold” rating in a research report on Friday, November 1st.

The firm has a 50-day moving average of $2.06 and a two-hundred day moving average of $1.71.

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

A hedge fund recently raised its stake in ADDvantage Technologies Group stock. Renaissance Technologies LLC boosted its stake in shares of ADDvantage Technologies Group, Inc. (NASDAQ:AEY) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,969 shares of the technology company’s stock after acquiring an additional 20,800 shares during the quarter. Renaissance Technologies LLC owned 2.76% of ADDvantage Technologies Group worth $452,000 at the end of the most recent reporting period. 10.37% of the stock is currently owned by hedge funds and other institutional investors.

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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