Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Decreases By 49.8%

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,323,586 shares, a drop of 49.8% from the July 15th total of 6,621,420 shares. Approximately 15.8% of the company’s stock are sold short. Based on an average daily trading volume, of 2,122,301 shares, the short-interest ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded AmpliTech Group from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.00.

Insider Transactions at AmpliTech Group

In other news, CFO Louisa Sanfratello sold 50,000 shares of AmpliTech Group stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.80, for a total transaction of $240,000.00. Following the transaction, the chief financial officer owned 60,000 shares in the company, valued at approximately $288,000. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jorge Luis Flores sold 30,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $5.36, for a total value of $160,800.00. Following the transaction, the chief operating officer directly owned 76,000 shares in the company, valued at $407,360. The trade was a 28.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 107,157 shares of company stock valued at $587,948 over the last quarter. Company insiders own 17.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of AmpliTech Group in the 3rd quarter valued at $57,000. Engineers Gate Manager LP acquired a new position in AmpliTech Group during the fourth quarter worth $62,000. Legato Capital Management LLC raised its holdings in AmpliTech Group by 26.8% during 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 in the last quarter. Millennium Management LLC bought a new position in AmpliTech Group during the third quarter valued at about $73,000. Finally, Squarepoint Ops LLC lifted its position in shares of AmpliTech Group by 54.3% in the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after buying an additional 7,837 shares during the last quarter. Institutional investors own 10.99% of the company’s stock.

AmpliTech Group Stock Performance

Shares of NASDAQ AMPG traded down $2.00 during trading hours on Friday, hitting $3.99. The stock had a trading volume of 10,281,670 shares, compared to its average volume of 2,202,642. The firm’s 50-day moving average price is $6.54 and its two-hundred day moving average price is $4.15. AmpliTech Group has a 52 week low of $1.64 and a 52 week high of $10.11. The company has a market capitalization of $101.11 million, a P/E ratio of -11.74 and a beta of -0.20.

AmpliTech Group (NASDAQ:AMPG) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The business had revenue of $8.07 million for the quarter, compared to the consensus estimate of $8.00 million. AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 20.52%.

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.