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Addvantage Technologies Group - AEY STOCK NEWS

Welcome to our dedicated news page for Addvantage Technologies Group (Ticker: AEY), a resource for investors and traders seeking the latest updates and insights on Addvantage Technologies Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Addvantage Technologies Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Addvantage Technologies Group's position in the market.

Rhea-AI Summary
ADDvantage Technologies Group, Inc. (NASDAQ: AEY) has regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2) after receiving a notification letter from The Nasdaq Stock Market LLC. The company's common stock closed at $1.00 or greater for the prior 10 consecutive business days, from November 16, 2023, to November 30, 2023, leading to Nasdaq considering the matter closed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.44%
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none
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Rhea-AI Summary
ADDvantage Technologies Group, Inc. (NASDAQ: AEY) announced a one-for-10 reverse stock split of all issued and outstanding shares of the Company’s common stock to comply with NASDAQ listing requirements. The split reduced the number of shares from 14,947,078 to 1,494,707, without changing the number of authorized shares. The split also affected warrants, stock options, and convertible securities, and the Common Stock started trading on a split-adjusted basis on the NASDAQ Capital Market on November 16, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.75%
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none
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Rhea-AI Summary
ADDvantage Technologies Group, Inc. (NASDAQ: AEY) reported financial results for the third quarter of 2023, highlighting a proactive $2 million reduction in fixed costs in response to industry-wide headwinds. The company is expanding its Fulton Technologies business into adjacent Broadband and Fixed Wireless markets, aiming for a more durable revenue stream. Despite a 60% decrease in third-quarter sales, the company has seen an increase in orders for Optical Transport equipment in the Telco Segment. However, net loss for the quarter was $2.7 million, and the company is exploring obtaining other funding arrangements to supplement working capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
738.71%
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Rhea-AI Summary
ADDvantage Technologies Group, Inc. (NASDAQ: AEY) announced a 1-for-10 reverse stock split of its common stock, expected to take effect on November 16, 2023. The split will result in approximately 1,494,707 shares outstanding after approval by the company's Board of Directors. No fractional shares will be issued, and stockholders will receive cash in lieu of fractional shares. The trading symbol will remain unchanged, but the CUSIP number for the Company’s registered Common Stock will be changed to 006743 405.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.34%
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Rhea-AI Summary
ADDvantage Technologies Group, Inc. will release financial results for the nine month period ended September 30, 2023, on November 14, 2023. The conference call to discuss the financial results will take place at 5 p.m. Eastern. Participants can join the call via dial-in or webcast. A replay of the conference call will be available until November 28, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
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conferences earnings
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Rhea-AI Summary
ADDvantage Technologies announces new multi-year agreements for broadband services
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Rhea-AI Summary
ADDvantage Technologies' subsidiary, Fulton Technologies, secures new contracts and awards, resulting in $4 million of new backlog for the current fiscal year. The expansion of Broadband services has generated significant interest and activity. The company is executing contracts with major operators, carriers, and manufacturers. The enactment of the Infrastructure Investment and Jobs Act and the Rural Digital Operating Fund will positively impact the deployment of broadband infrastructure.
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Rhea-AI Sentiment
End-of-Day
2.78%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-33.9%
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Rhea-AI Sentiment
End-of-Day
1.64%
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conferences earnings
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Rhea-AI Sentiment
End-of-Day
1.67%
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Addvantage Technologies Group

Nasdaq:AEY

AEY Rankings

AEY Stock Data

538.10k
964.09k
38.81%
3.03%
2.19%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States
Carrollton

About AEY

addvantage technologies group, inc. is a company based out of 1221 east houston street, broken arrow, oklahoma, united states.