AmpliTech Group, Inc. (NASDAQ:AMPG – Get Free Report) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 896,400 shares, a drop of 60.9% from the December 15th total of 2,290,000 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,500,000 shares, the short-interest ratio is presently 0.1 days.
AmpliTech Group Trading Up 14.3 %
AmpliTech Group stock traded up $0.28 during trading hours on Wednesday, reaching $2.24. The company had a trading volume of 1,430,191 shares, compared to its average volume of 5,248,283. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98. The company has a 50-day moving average price of $2.09 and a 200 day moving average price of $1.34. The firm has a market cap of $39.15 million, a price-to-earnings ratio of -2.76 and a beta of -1.17. AmpliTech Group has a 12-month low of $0.64 and a 12-month high of $6.43.
Hedge Funds Weigh In On AmpliTech Group
A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. boosted its stake in AmpliTech Group, Inc. (NASDAQ:AMPG – Free Report) by 374.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,989,414 shares of the company’s stock after purchasing an additional 1,569,794 shares during the period. Bard Associates Inc. owned about 17.94% of AmpliTech Group worth $1,552,000 at the end of the most recent reporting period. 10.99% of the stock is owned by institutional investors.
About AmpliTech Group
AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company’s products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.
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