AmpliTech Group (NASDAQ:AMPG) Director Daniel Richard Mazziota Sells 10,000 Shares

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $4.95, for a total transaction of $49,500.00. Following the completion of the transaction, the director owned 254,900 shares in the company, valued at approximately $1,261,755. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

AmpliTech Group Stock Down 1.0%

AmpliTech Group stock traded down $0.05 during mid-day trading on Tuesday, hitting $4.99. The company’s stock had a trading volume of 7,891,098 shares, compared to its average volume of 1,429,939. The stock has a market capitalization of $126.45 million, a P/E ratio of -16.10 and a beta of -0.57. AmpliTech Group, Inc. has a twelve month low of $1.64 and a twelve month high of $5.65. The stock’s fifty day moving average price is $2.50 and its two-hundred day moving average price is $2.88.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $5.35 million during the quarter, compared to analyst estimates 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. grew its position in AmpliTech Group by 9.4% during the 4th quarter. Thompson Davis & CO. Inc. now owns 32,266 shares of the company’s stock worth $96,000 after purchasing an additional 2,778 shares in the last quarter. Bryn Mawr Trust Advisors LLC grew its holdings in shares of AmpliTech Group by 37.1% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after acquiring an additional 4,000 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of AmpliTech Group by 26.8% during the 4th quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after acquiring an additional 4,376 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of AmpliTech Group by 32.3% during the 4th quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock valued at $58,000 after acquiring an additional 4,762 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after acquiring an additional 4,811 shares in the last quarter. 10.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMPG has been the topic of several research analyst reports. Maxim Group lowered their price objective 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. Wall Street Zen cut shares of AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, AmpliTech Group 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.