Amplifon (OTCMKTS:AMFPF) Shares Gap Up – Here’s Why

Amplifon S.p.A. (OTCMKTS:AMFPF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $10.49, but opened at $12.61. Amplifon shares last traded at $12.61, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

AMFPF has been the subject of several research analyst reports. Jefferies Financial Group lowered shares of Amplifon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Zacks Research raised shares of Amplifon to a “hold” rating in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amplifon presently has an average rating of “Moderate Buy”.

Amplifon Trading Up 20.2%

The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $11.24 and a two-hundred day simple moving average of $14.50. The firm has a market cap of $2.77 billion, a PE ratio of 16.59 and a beta of 0.63.

Amplifon Company Profile

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.