AmpliTech Group (NASDAQ:AMPG) COO Sells $160,800.00 in Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) COO Jorge Luis Flores sold 30,000 shares of AmpliTech Group stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $5.36, for a total transaction of $160,800.00. Following the completion of the transaction, the chief operating officer directly owned 76,000 shares in the company, valued at $407,360. This represents a 28.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AmpliTech Group Price Performance

Shares of AMPG opened at $5.88 on Friday. The firm’s 50 day moving average is $2.88 and its 200-day moving average is $3.00. The stock has a market capitalization of $148.99 million, a P/E ratio of -18.97 and a beta of -0.18. AmpliTech Group, Inc. has a 12-month low of $1.64 and a 12-month high of $6.10.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data 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%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMPG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. 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 note on Monday, March 30th. Finally, Wall Street Zen downgraded shares of AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, AmpliTech Group currently has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Creek Drive Management Group LLC purchased a new position in shares of AmpliTech Group in the fourth quarter worth approximately $1,196,000. Renaissance Technologies LLC increased its position in shares of AmpliTech Group by 135.5% in the first quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after acquiring an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of AmpliTech Group by 156.8% in the first quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after acquiring an additional 131,599 shares in the last quarter. Geode Capital Management LLC increased its position in shares of AmpliTech Group by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock worth $582,000 after acquiring an additional 7,874 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of AmpliTech Group in the third quarter worth approximately $752,000. 10.99% of the stock is owned by hedge funds and other institutional investors.

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.