Amplifon (OTCMKTS:AMFPF) Shares Gap Up - Still a Buy?

Key Points

• Amplifon shares gapped up significantly from $16.11 to $18.09 prior to trading on Tuesday, with a trading volume of 280 shares.
• Despite a miss in quarterly earnings with an EPS of $0.25 compared to the expected $0.34, Amplifon reported revenue of $698.20 million, exceeding estimates.
• Analysts from Morgan Stanley have reissued an "overweight" rating, contributing to an average rating of "Moderate Buy" for the stock.

Amplifon S.p.A. (OTCMKTS:AMFPF - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $16.11, but opened at $18.09. Amplifon shares last traded at $18.09, with a volume of 280 shares.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an "overweight" rating on shares of Amplifon in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Amplifon Stock Up 12.3%

The company has a market cap of $4.08 billion, a P/E ratio of 29.66 and a beta of 0.35. The stock has a 50-day moving average of $17.53 and a two-hundred day moving average of $20.46. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.53 and a current ratio of 0.61.

Amplifon (OTCMKTS:AMFPF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). Amplifon had a net margin of 5.20% and a return on equity of 13.70%. The business had revenue of $698.20 million for the quarter, compared to the consensus estimate 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.

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