AmpliTech Group Target of Unusually Large Options Trading (NASDAQ:AMPG)

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 8,062 call options on the company. This is an increase of 848% compared to the average daily volume of 850 call options.

AmpliTech Group Price Performance

Shares of NASDAQ AMPG traded down $0.18 during midday trading on Tuesday, hitting $3.52. The stock had a trading volume of 2,304,225 shares, compared to its average volume of 838,598. The company’s 50-day simple moving average is $2.28 and its 200 day simple moving average is $2.83. The firm has a market cap of $89.12 million, a P/E ratio of -11.23 and a beta of -0.57. AmpliTech Group has a fifty-two week low of $1.64 and a fifty-two week high of $4.89.

AmpliTech Group (NASDAQ:AMPG) last released its earnings results on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%.

Analyst Upgrades and Downgrades

AMPG has been the subject of a number of recent analyst reports. Wall Street Zen cut AmpliTech Group from a “hold” rating to a “sell” rating in a report on Saturday. Maxim Group dropped their price target on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AmpliTech Group has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On AmpliTech Group

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of AmpliTech Group during the third quarter worth $57,000. Bryn Mawr Trust Advisors LLC grew its stake in shares of AmpliTech Group by 37.1% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock worth $57,000 after purchasing an additional 4,000 shares during the period. Millennium Management LLC acquired a new stake in shares of AmpliTech Group during the third quarter worth $73,000. Engineers Gate Manager LP acquired a new stake in shares of AmpliTech Group during the fourth quarter worth $62,000. Finally, Legato Capital Management LLC grew its stake in shares of AmpliTech Group by 26.8% during the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock worth $62,000 after purchasing an additional 4,376 shares during the period. 10.99% of the stock is owned by institutional investors and hedge funds.

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.