Amplifon (OTCMKTS:AMFPF) Shares Gap Down – Should You Sell?

Amplifon S.p.A. (OTCMKTS:AMFPF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $12.61, but opened at $11.84. Amplifon shares last traded at $11.50, with a volume of 300 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Amplifon from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Zacks Research upgraded Amplifon to a “hold” rating in a research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Amplifon Stock Down 8.8%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.54 and a current ratio of 0.62. The company has a market capitalization of $2.53 billion, a PE ratio of 14.74 and a beta of 0.63. The firm’s 50-day simple moving average is $10.94 and its 200 day simple moving average is $14.24.

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.