Amplifon (OTCMKTS:AMFPF) Shares Gap Down – Time to Sell?

Amplifon S.p.A. (OTCMKTS:AMFPF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $12.01, but opened at $11.21. Amplifon shares last traded at $11.21, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on AMFPF shares. Jefferies Financial Group downgraded shares of Amplifon from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Zacks Research raised shares of Amplifon to a “hold” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Amplifon Stock Down 6.7%

The firm’s 50 day moving average is $11.48 and its two-hundred day moving average is $13.47. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 31.14 and a beta of 0.68. The company has a current ratio of 0.48, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57.

Amplifon (OTCMKTS:AMFPF) last released its quarterly earnings results on Monday, June 1st. The company reported $999.00 earnings per share (EPS) for the quarter. Amplifon had a net margin of 2.87% and a return on equity of 16.04%. On average, sell-side analysts predict that Amplifon S.p.A. will post 3.8 EPS for the current year.

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.