ADDvantage Technologies Group, Inc. (NASDAQ:AEY) shares traded up 11.4% on Wednesday . The stock traded as high as $2.11 and last traded at $2.05, 232,600 shares changed hands during mid-day trading. An increase of 529% from the average session volume of 36,993 shares. The stock had previously closed at $1.84.

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

The firm’s 50 day simple moving average is $1.79 and its two-hundred day simple moving average is $1.51.

ADDvantage Technologies Group (NASDAQ:AEY) last posted 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 during the quarter. ADDvantage Technologies Group had a negative net margin of 15.06% and a negative return on equity of 18.92%.

An institutional investor recently raised its position in ADDvantage Technologies Group stock. Resources Investment Advisors LLC. raised its stake in ADDvantage Technologies Group, Inc. (NASDAQ:AEY) by 100.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the technology company’s stock after acquiring an additional 10,000 shares during the quarter. Resources Investment Advisors LLC. owned approximately 0.19% of ADDvantage Technologies Group worth $32,000 as of its most recent filing with the Securities & Exchange Commission. 10.37% of the stock is 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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