Amplifon (OTCMKTS:AMFPF) Shares Down 5.1% – What’s Next?

Amplifon S.p.A. (OTCMKTS:AMFPF)’s share price traded down 5.1% during mid-day trading on Friday . The company traded as low as $11.97 and last traded at $11.97. 100 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 930 shares. The stock had previously closed at $12.61.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMFPF. Jefferies Financial Group downgraded shares of Amplifon from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Zacks Research raised shares of Amplifon to a “hold” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Amplifon has a consensus rating of “Moderate Buy”.

Amplifon Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.14. The business’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $14.12. The firm has a market capitalization of $2.64 billion, a P/E ratio of 15.40 and a beta of 0.63.

About Amplifon

Amplifon is a global leader in hearing care, specializing in the retail and distribution of hearing aids, accessories and related services. The company offers a full suite of solutions including diagnostic hearing assessments, personalized hearing aid fittings, follow-up care, tinnitus management and hearing protection. Through its network of branded stores and partner outlets, Amplifon serves individuals across the full spectrum of hearing needs, from prevention and early detection to long-term aftercare.

Founded in Milan in 1950 by Algernon Charles Holland, Amplifon has grown from a single audiology centre into a multinational organization.