ADDvantage Technologies Receives ‘STRONG BUY’ As 5G Revolution Rolls On

ADDvantage Technologies

As the world prepares for the radical advancement in wireless technology heralded by the arrival of 5G, analysts are taking notice of ADDvantage Technologies Group, Inc. (NASDAQ:AEY), an under-the-radar builder and upgrader of 5G and LTE wireless networks for the telecom industry. Through two different business segments, ADDvantage sells, distributes, refurbishes, and services infrastructure and equipment necessary for the rollout of 5G technology. 

Investing.com has handed ADDvantage Technologies (NASDAQ:AEY) a “STRONG BUY” recommendation. Daily moving averages indicate 12 “buy” recommendations, while the site’s technical indicators found nine “buy” recommendations, with no indicators suggesting a “sell” rating.

AEY buy Rating

Elsewhere, TradingView has offered a “BUY” rating for ADDvantage Technologies. Daily moving averages have found 18 “buy” ratings compared to just one “neutral”, while oscillators for the same period show two “buy” ratings.

AEY Buy Rating

Lastly, WalletInvestor.com is also feeling extremely bullish on the prospects of ADDvantage Technologies Group, Inc., and has described the stock as an outstanding long-term investment and has set a 12-month price target of $4.43, which represents an upside of 42%. 

AEY Buy rating

5G Potential Driving An Incredible Bull Run in AEY Stock

With markets abuzz on the seemingly endless potential of 5G technology, ADDvantage Technologies’ (NASDAQ:AEY) stock has been on an incredible bull run over the last 12 months, rising over 150% since last May alone. In its most recent earnings report, published in mid-December, ADDvantage Technologies (NASDAQ:AEY)  saw full-year sales more than double to US$55.1 million. During that period, the company entered wireless communications services business with its acquisition of Fulton Technologies, which is poised for significant growth with the advent of 5G technology.

ADDvantage Technologies (NASDAQ:AEY)  will release its next earnings report on Thursday, February 13, with CEO Joe Hart saying “we are focused on streamlining our processes and developing a strong backlog of work for the calendar year. Accordingly, we expect continued year-over-year improvement throughout fiscal 2020.” With analysts feeling very hopeful about the prospects of ADDvantage Technologies (NASDAQ:AEY), the Company’s February 13th earnings call at 4:30 pm EST could prove very fruitful for investors.

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1) Market Jar Media Inc. (“Market Jar”) will not and has not been paid by ADDvantage Technologies Group, Inc. (the “Company”). Market Jar and its affiliates intend to prepare various articles and commentary on the Company during the period from February 11, 2020 until February 14, 2020 (the “Campaign”).

2) Market Jar, its affiliates and their respective directors, officers and employees (the “Market Jar Group”) hold ninety-one thousand one hundred seventy-eight shares of ADDvantage Technologies Group, Inc. The shares held by the Market Jar Group were acquired four days prior to the commencement of the Campaign from the open market. The Market Jar Group has not sold any shares of the Company prior to the commencement of the Campaign. The Market Jar Group intends to sell all of the shares it owns of the Company during the Campaign. If we do not sell off the shares of the Company during the Campaign, we may sell them immediately after the Campaign or at any other time.

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