Amplifon (OTCMKTS:AMFPF) Shares Gap Up on Analyst Upgrade

Amplifon S.p.A. (OTCMKTS:AMFPF) shares gapped up before the market opened on Wednesday after Zacks Research upgraded the stock to a hold rating. The stock had previously closed at $9.46, but opened at $10.49. Amplifon shares last traded at $10.49, with a volume of 875 shares.

Separately, Jefferies Financial Group downgraded shares of Amplifon from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amplifon presently has a consensus rating of “Moderate Buy”.

Amplifon Stock Performance

The stock’s 50-day moving average price is $11.62 and its 200-day moving average price is $14.72. 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 company has a market capitalization of $2.31 billion, a P/E ratio of 18.73 and a beta of 0.63.

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.