ADDvantage Technologies Group Inc (NASDAQ:AEY) Stock Resumes Another Round Of Selling Pressure

Yesterday, ADDvantage Technologies Group Inc (NASDAQ:AEY) was in focus among investors after the company made an announcement with regards to the date on which it was going to release its financial results. However, the news was not welcomed with any kind of enthusiasm by the market participants and the ADDvantage Technologies stock declined by as much as 6% as a consequence.

Trading Data

On Tuesday, AEY stock decreased by 6.42% to $1.75 with more than 13k shares traded, compared to its average volume of 31k shares. The stock has moved within a range of $1.7400 – 1.8400 after opening trading at $1.77.

To Report Quarterly Earnings

In this situation, it is important for investors to perhaps take a closer look at the announcement made by the company before making a decision about the ADDvantage Technologies stock one way or another.

The company announced yesterday that it was going to announce its financial results for the 12 month period that had ended on September 30, 2021 on December 27, 2021. The company noted that the announcement was going to be made after the closure of markets on the same day.

In addition to that, the company also noted that it was going to host a conference call with regards to the financial results on the next day. The conference call is going to begin at 10 a.m. Eastern time on December 28, 2021. At this point, it might be useful to keep an eye on the stock in the lead up to the big day.

Technical Data

AEY stock is trading below the 20-Day and 50-Day Moving averages of $1.90 and $2.30 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.36. The stock is down 20% in the past month.