Amplifon (OTCMKTS:AMFPF) Shares Gap Up - Here's What Happened

Key Points

• Amplifon shares gapped up from a previous closing price of $17.46 to open at $18.33, with 160 shares traded.
• Morgan Stanley has reaffirmed an "overweight" rating for Amplifon, with a current consensus rating of "Moderate Buy".
• In its last earnings report, Amplifon missed analysts' estimates with $0.25 earnings per share against a $0.34 estimate, but exceeded revenue expectations at $698.2 million.

Shares of Amplifon S.p.A. (OTCMKTS:AMFPF - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $17.46, but opened at $18.33. Amplifon shares last traded at $18.33, with a volume of 160 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Amplifon in a research note on Wednesday, June 25th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Amplifon has a consensus rating of "Moderate Buy".

Amplifon Stock Performance

The company has a market capitalization of $4.13 billion, a P/E ratio of 30.05 and a beta of 0.53. The business has a 50-day moving average of $20.09 and a 200-day moving average of $21.42. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.53.

Amplifon (OTCMKTS:AMFPF - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). Amplifon had a return on equity of 13.70% and a net margin of 5.20%.The business 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.