AmpliTech Group (NASDAQ:AMPG) Shares Down 1.6% – Here’s What Happened

AmpliTech Group, Inc. (NASDAQ:AMPG) dropped 1.6% during mid-day trading on Monday . The stock traded as low as $3.03 and last traded at $3.03. Approximately 250,963 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 395,059 shares. The stock had previously closed at $3.08.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, AmpliTech Group has an average rating of “Sell”.

AmpliTech Group Stock Performance

The stock’s 50-day simple moving average is $3.39 and its 200 day simple moving average is $3.16. The company has a market capitalization of $62.54 million, a PE ratio of -5.94 and a beta of -0.98.

AmpliTech Group (NASDAQ:AMPG) last issued its earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. AmpliTech Group had a negative net margin of 33.77% and a negative return on equity of 21.04%. The firm had revenue of $6.09 million during the quarter, compared to the consensus estimate of $5.00 million.

Hedge Funds Weigh In On AmpliTech Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bryn Mawr Trust Advisors LLC raised its stake in AmpliTech Group by 37.1% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock worth $57,000 after acquiring an additional 4,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after purchasing an additional 4,811 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of AmpliTech Group by 54.3% during the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of AmpliTech Group by 45.7% in the 3rd quarter. Two Sigma Investments LP now owns 30,531 shares of the company’s stock valued at $119,000 after purchasing an additional 9,570 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of AmpliTech Group in the 3rd quarter valued at about $57,000. 10.99% of the stock is owned by institutional investors and hedge funds.

AmpliTech Group Company Profile

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.