Amplifon (OTCMKTS:AMFPF) Trading 1.2% Higher - Time to Buy?

Key Points

• Amplifon's shares rose by 1.2% on Wednesday, trading at $17.46, with a significant increase in trading volume of 1,382% from the average session volume.
• Morgan Stanley reaffirmed an "overweight" rating for Amplifon, indicating a positive outlook on the stock.
• The company is valued at $3.94 billion and specializes in distributing hearing solutions globally, with a diverse range of hearing devices offered.

Amplifon S.p.A. (OTCMKTS:AMFPF - Get Free Report) shares rose 1.2% during trading on Wednesday . The stock traded as high as $17.46 and last traded at $17.46. Approximately 23,018 shares changed hands during mid-day trading, an increase of 1,382% from the average daily volume of 1,553 shares. The stock had previously closed at $17.25.

Analyst Upgrades and Downgrades

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

Amplifon Price Performance

The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 25.68 and a beta of 0.53. The stock's 50 day moving average is $22.80 and its 200 day moving average is $23.01. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 0.85.

Amplifon (OTCMKTS:AMFPF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.09). The firm had revenue of $698.20 million for the quarter, compared to analyst estimates of $625.73 million. Amplifon had a net margin of 5.90% and a return on equity of 13.77%.

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.