Amplifon (OTCMKTS:AMFPF) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Amplifon S.p.A. shares experienced a significant increase in trading volume, reaching approximately 23,018 shares, which is a 781% increase from the prior session.
• Morgan Stanley has reaffirmed an "overweight" rating on Amplifon, indicating a positive outlook for the company's stock.
• The company's current market capitalization stands at $3.94 billion, with a PE ratio of 25.68, suggesting it is valued at approximately 25 times its earnings.

Amplifon S.p.A. (OTCMKTS:AMFPF - Get Free Report) shares saw strong trading volume on Wednesday . 23,018 shares traded hands during mid-day trading, an increase of 781% from the previous session's volume of 2,613 shares.The stock last traded at $17.46 and had previously closed at $17.25.

Analyst Ratings Changes

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Amplifon in a report on Wednesday, June 25th.

Amplifon Stock Performance

The stock's fifty day simple moving average is $22.71 and its 200 day simple moving average is $22.88. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 28.62 and a beta of 0.53.

Amplifon (OTCMKTS:AMFPF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). Amplifon had a net margin of 5.20% and a return on equity of 13.49%. The firm had revenue of $698.20 million during the quarter, compared to analysts' expectations of $625.73 million.

About Amplifon

Amplifon S.p.A. engages in the distribution of hearing solutions and the fitting of customized products that help people rediscover various emotions of sound in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company offers Ampli-easy, Ampli-connect, Ampli-energy, and Ampli-mini hearing devices.