Amplifon (OTCMKTS:AMFPF) Shares Gap Down – Here’s What Happened

Amplifon S.p.A. (OTCMKTS:AMFPF) shares gapped down prior to trading on Thursday . The stock had previously closed at $12.61, but opened at $11.84. Amplifon shares last traded at $11.50, with a volume of 300 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMFPF shares. Jefferies Financial Group cut Amplifon from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Zacks Research upgraded Amplifon to a “hold” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Amplifon Stock Performance

The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $2.53 billion, a PE ratio of 14.74 and a beta of 0.63. The stock’s 50 day moving average price is $10.94 and its two-hundred day moving average price is $14.24.

About Amplifon

Amplifon is a global leader in hearing care, specializing in the retail and distribution of hearing aids, accessories and related services. The company offers a full suite of solutions including diagnostic hearing assessments, personalized hearing aid fittings, follow-up care, tinnitus management and hearing protection. Through its network of branded stores and partner outlets, Amplifon serves individuals across the full spectrum of hearing needs, from prevention and early detection to long-term aftercare.

Founded in Milan in 1950 by Algernon Charles Holland, Amplifon has grown from a single audiology centre into a multinational organization.