Daniel Richard Mazziota Sells 7,157 Shares of AmpliTech Group (NASDAQ:AMPG) Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 7,157 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $8.46, for a total value of $60,548.22. Following the sale, the director directly owned 247,743 shares of the company’s stock, valued at $2,095,905.78. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Daniel Richard Mazziota also recently made the following trade(s):

• On Friday, May 22nd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The shares were sold at an average price of $4.95, for a total transaction of $49,500.00.

AmpliTech Group Price Performance

Shares of AMPG stock traded down $0.70 during trading hours on Wednesday, reaching $7.03. The company had a trading volume of 3,391,568 shares, compared to its average volume of 2,384,226. AmpliTech Group, Inc. has a 1-year low of $1.64 and a 1-year high of $10.11. The company has a 50 day moving average of $4.43 and a 200 day moving average of $3.44. The firm has a market cap of $178.04 million, a price-to-earnings ratio of -22.66 and a beta of -0.18.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.00 million. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.

Hedge Funds Weigh In On AmpliTech Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in AmpliTech Group in the 3rd quarter valued at about $57,000. Legato Capital Management LLC increased its holdings in AmpliTech Group by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after buying an additional 4,376 shares during the last quarter. Engineers Gate Manager LP acquired a new position in AmpliTech Group in the fourth quarter valued at $62,000. Millennium Management LLC purchased a new position in AmpliTech Group during the 3rd quarter worth $73,000. Finally, Squarepoint Ops LLC increased its position in AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares during the period. 10.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMPG shares. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Finally, Maxim Group decreased their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.00.

About AmpliTech Group

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.