AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,150,592 shares, an increase of 74.9% from the May 31st total of 4,088,991 shares. Based on an average daily trading volume, of 9,091,769 shares, the short-interest ratio is presently 0.8 days. Approximately 34.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several research firms have recently commented on AMPG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Wall Street Zen upgraded AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Maxim Group dropped their target price on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.00.

AmpliTech Group Stock Down 3.4%

Shares of AMPG opened at $6.86 on Thursday. The firm has a 50-day moving average price of $5.02 and a 200 day moving average price of $3.59. The firm has a market capitalization of $173.80 million, a PE ratio of -22.08 and a beta of -0.27. AmpliTech Group has a 52-week low of $1.64 and a 52-week high of $10.11.

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

Insider Transactions at AmpliTech Group

In other news, COO Jorge Luis Flores sold 30,000 shares of the firm’s stock in a transaction dated 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 approximately $407,360. This trade represents a 28.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel Richard Mazziota sold 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $4.95, for a total transaction of $49,500.00. Following the sale, the director directly owned 254,900 shares of the company’s stock, valued at approximately $1,261,755. This represents a 3.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 107,157 shares of company stock worth $587,948. 17.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AmpliTech Group

Several institutional investors and hedge funds have recently modified their holdings of AMPG. Virtu Financial LLC purchased a new stake in shares of AmpliTech Group during the third quarter worth $57,000. Millennium Management LLC purchased a new position in AmpliTech Group in the third quarter valued at about $73,000. Engineers Gate Manager LP purchased a new position in AmpliTech Group in the fourth quarter valued at about $62,000. Legato Capital Management LLC increased its position in AmpliTech Group by 26.8% in the 4th 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 last quarter. 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 worth $87,000 after purchasing an additional 7,837 shares in the last quarter. 10.99% of the stock is currently 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.