AmpliTech Group (NASDAQ:AMPG) Raised to “Sell” at Wall Street Zen

AmpliTech Group (NASDAQ:AMPG) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.00.

AmpliTech Group Trading Down 4.3%

Shares of NASDAQ:AMPG opened at $2.25 on Friday. AmpliTech Group has a one year low of $1.64 and a one year high of $10.11. The stock has a fifty day moving average of $2.90 and a 200-day moving average of $3.78.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings data on Thursday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.19). The company had revenue of $6.58 million for the quarter, compared to the consensus estimate of $14.00 million. AmpliTech Group had a negative return on equity of 22.75% and a negative net margin of 39.65%.

Institutional Trading of AmpliTech Group

Several large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new stake in AmpliTech Group during the 2nd quarter worth about $119,000. FNY Investment Advisers LLC purchased a new position in AmpliTech Group during the 2nd quarter valued at about $643,000. Dimensional Fund Advisors LP increased its holdings in shares of AmpliTech Group by 156.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock valued at $410,000 after purchasing an additional 131,599 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of AmpliTech Group by 135.5% in the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock valued at $708,000 after purchasing an additional 214,400 shares during the period. 10.99% of the stock is owned by institutional investors and hedge funds.

AmpliTech Group Company Profile

AmpliTech Group, Inc. designs, develops and manufactures radio-frequency (RF) and microwave components and systems. Its products include low-noise amplifiers, power amplifiers, switches, filters and integrated assemblies used in communications and other applications requiring high-frequency signal processing. The company serves markets including satellite communications, telecommunications, aerospace and defense, and space. It also develops 5G and Open Radio Access Network (Open RAN) equipment and solutions, alongside products for specialized applications such as quantum computing.