AmpliTech Group (NASDAQ:AMPG) COO Jorge Luis Flores Sells 30,000 Shares

AmpliTech Group, Inc. (NASDAQ:AMPG) COO Jorge Luis Flores sold 30,000 shares of AmpliTech Group stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $5.36, for a total value of $160,800.00. Following the completion of the transaction, the chief operating officer owned 76,000 shares of the company’s stock, valued at approximately $407,360. This represents a 28.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AmpliTech Group Price Performance

Shares of NASDAQ:AMPG traded down $0.12 during trading hours on Tuesday, hitting $5.03. 6,119,563 shares of the company’s stock traded hands, compared to its average volume of 4,914,942. AmpliTech Group, Inc. has a 1 year low of $1.64 and a 1 year high of $5.65. The business has a fifty day moving average price of $2.71 and a 200-day moving average price of $2.95. The firm has a market capitalization of $127.51 million, a P/E ratio of -16.93 and a beta of -0.57.

AmpliTech Group (NASDAQ:AMPG) last announced its 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). AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%. The business had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million.

Analysts Set New Price Targets

Several research analysts have issued reports on AMPG shares. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Maxim Group dropped their target price on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Wall Street Zen lowered AmpliTech Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. 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 stock has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMPG. Virtu Financial LLC acquired a new stake in shares of AmpliTech Group during the 3rd quarter worth approximately $57,000. Bryn Mawr Trust Advisors LLC increased 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 worth $57,000 after buying an additional 4,000 shares during the last quarter. Legato Capital Management LLC increased 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 worth $62,000 after buying an additional 4,376 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of AmpliTech Group during the 4th quarter worth approximately $62,000. Finally, Millennium Management LLC acquired a new stake in shares of AmpliTech Group during the 3rd quarter worth approximately $73,000. 10.99% of the stock is owned by hedge funds and other institutional investors.

AmpliTech Group Company Profile

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.