Amplifon (OTCMKTS:AMFPF) Cut to “Strong Sell” at Zacks Research

Amplifon (OTCMKTS:AMFPF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley started coverage on shares of Amplifon in a research report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Citigroup raised Amplifon to a “buy” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Amplifon Price Performance

Shares of OTCMKTS AMFPF opened at $11.21 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average price is $11.21 and its two-hundred day moving average price is $12.02. The company has a market cap of $2.47 billion, a PE ratio of 12.74 and a beta of 0.67. Amplifon has a twelve month low of $9.46 and a twelve month high of $22.43.

Amplifon (OTCMKTS:AMFPF) last posted its earnings results on Thursday, October 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Amplifon had a net margin of 3.12% and a return on equity of 14.94%. The company had revenue of $651.38 million during the quarter, compared to analysts’ expectations of $650.02 million. On average, analysts predict that Amplifon will post 0.85 EPS for the current year.

Amplifon Company Profile

Amplifon S.p.A. is an Italy-based hearing-care company that provides hearing solutions and related services to people with hearing loss. Its business includes the distribution and fitting of hearing aids, hearing assessments, personalized counseling, device maintenance, and after-sales support. The company also offers accessories and technologies designed to improve hearing in different environments.

Founded in Milan in 1950 by Algernon Charles Holland, Amplifon has expanded from an Italian specialist into an international hearing-care retailer.