AmpliTech Group (NASDAQ:AMPG) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of AmpliTech Group (NASDAQ:AMPG) from a hold rating to a strong sell rating in a research report report published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AmpliTech Group presently has a consensus rating of “Hold” and a consensus price target of $7.00.

AmpliTech Group Stock Down 10.2%

Shares of AmpliTech Group stock opened at $3.36 on Friday. The business has a 50 day moving average of $5.60 and a 200 day moving average of $4.18. AmpliTech Group has a 52 week low of $1.64 and a 52 week high of $10.11. The company has a market cap of $100.95 million, a PE ratio of -9.88 and a beta of -0.20.

AmpliTech Group (NASDAQ:AMPG) last announced its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%. The company had revenue of $8.07 million for the quarter, compared to the consensus estimate of $8.00 million.

Insider Buying and Selling at AmpliTech Group

In related news, Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $7.71, for a total transaction of $77,100.00. Following the sale, the director directly owned 237,743 shares of the company’s stock, valued at approximately $1,832,998.53. This represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jorge Luis Flores sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $5.36, for a total transaction of $160,800.00. Following the sale, the chief operating officer owned 76,000 shares of the company’s stock, valued at approximately $407,360. This represents a 28.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,157 shares of company stock worth $298,448 over the last three months. Corporate insiders own 17.12% of the company’s stock.

Hedge Funds Weigh In On AmpliTech Group

Hedge funds have recently added to or reduced their stakes in the company. Creek Drive Management Group LLC bought a new stake in shares of AmpliTech Group in the 4th quarter worth $1,196,000. FNY Investment Advisers LLC purchased a new stake in shares of AmpliTech Group during the second quarter valued at $643,000. Renaissance Technologies LLC increased its holdings in AmpliTech Group by 135.5% in the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after buying an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in AmpliTech Group by 156.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after buying an additional 131,599 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in AmpliTech Group in the 4th quarter worth about $101,000. 10.99% of the stock is currently owned by hedge funds and other institutional investors.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.