ADDvantage Technologies: Long-Thesis Played Out; Shares No Longer Undervalued [Seeking Alpha]
ADDvantage Technologies Group, Inc. (AEY)
US:NASDAQ Investor Relations:
addvantagetechnologies.com/investor-relations/4544760689
Company Research
Source: Seeking Alpha
ADDvantage Technologies: Long-Thesis Played Out; Shares No Longer Undervalued In my first article on ADDvantage Technologies Group (NASDAQ: AEY (Source: Seeking Alpha The Just after my article got published, two positive but surprising events happened. First of all, the company announced that it would sell its Cable TV business The last few quarters before the sale showed that the company’s decision to cut the Cable TV segment loss wasn’t a bad one as the segment showed a big decline in operating performance. Over the nine months ending June 2019, net loss from the Cable TV segment more than doubled from a $480,000 loss in the same period of 2018 to a loss of $1.2 million in 2019. Furthermore, operating cash flow for the Cable TV segment declined from $3.3 million in 2018 for this period to $1.2 million in 2019. Considering these recent results, it seems the company sold the Cable TV segment at the right time for a good price. Investors seemed to agree since the stock price only star
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AEY
News
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
AEY
Sec Filings
- 2/5/24 - Form 8-K
- 2/1/24 - Form 8-K
- AEY's page on the SEC website