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

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of some unusual options trading on Tuesday. Investors purchased 10,333 call options on the stock. This is an increase of approximately 205% compared to the average volume of 3,386 call options.

Insider Activity

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 value of $240,000.00. Following the transaction, the chief financial officer directly owned 60,000 shares in the company, valued at approximately $288,000. This trade represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Richard Mazziota sold 10,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $4.95, for a total value of $49,500.00. Following the sale, the director owned 254,900 shares of the company’s stock, valued at $1,261,755. This trade represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 90,000 shares of company stock worth $450,300. 17.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AmpliTech Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of AmpliTech Group during the third quarter worth $57,000. Legato Capital Management LLC boosted its holdings in AmpliTech Group by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after purchasing an additional 4,376 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in AmpliTech Group during the 4th quarter worth about $62,000. Millennium Management LLC acquired a new stake in AmpliTech Group during the 3rd quarter worth about $73,000. Finally, Squarepoint Ops LLC raised its stake in shares of AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after buying an additional 7,837 shares during the last quarter. Institutional investors and hedge funds own 10.99% of the company’s stock.

AmpliTech Group Price Performance

AmpliTech Group stock traded down $0.00 during mid-day trading on Tuesday, reaching $6.57. 5,645,417 shares of the company traded hands, compared to its average volume of 1,848,690. The firm’s fifty day moving average is $3.01 and its two-hundred day moving average is $3.04. The company has a market capitalization of $166.41 million, a price-to-earnings ratio of -21.29 and a beta of -0.19. AmpliTech Group has a fifty-two week low of $1.64 and a fifty-two week high of $7.74.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMPG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. Maxim Group cut their price target on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Wall Street Zen downgraded AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.00.

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.