AmpliTech Group (NASDAQ:AMPG) Stock Rating Raised to Sell at Wall Street Zen

Wall Street Zen upgraded shares of AmpliTech Group (NASDAQ:AMPG) from a strong sell rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.00.

AmpliTech Group Trading Down 4.3%

NASDAQ:AMPG traded down $0.10 during trading hours on Friday, hitting $2.25. 1,496,289 shares of the stock traded hands, compared to its average volume of 741,724. The firm has a 50 day moving average price of $2.90 and a 200 day moving average price of $3.78. The firm has a market cap of $67.79 million, a price-to-earnings ratio of -5.62 and a beta of -0.22. AmpliTech Group has a fifty-two week low of $1.64 and a fifty-two week high of $10.11.

AmpliTech Group (NASDAQ:AMPG) last issued its earnings results on Thursday, November 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.19). AmpliTech Group had a negative return on equity of 22.75% and a negative net margin of 39.65%. The business had revenue of $6.58 million during the quarter, compared to analyst estimates of $14.00 million.

Institutional Investors Weigh In On AmpliTech Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMPG. Renaissance Technologies LLC grew its stake in AmpliTech Group by 135.5% in the first quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock valued at $708,000 after purchasing an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP increased its position in AmpliTech Group by 156.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after purchasing an additional 131,599 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in AmpliTech Group in the 2nd quarter worth about $643,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of AmpliTech Group during the 2nd quarter worth about $119,000. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Company Profile

AmpliTech Group, Inc. designs, develops and manufactures radio-frequency (RF) and microwave components and systems. Its products include low-noise amplifiers, power amplifiers, switches, filters and integrated assemblies used in communications and other applications requiring high-frequency signal processing. The company serves markets including satellite communications, telecommunications, aerospace and defense, and space. It also develops 5G and Open Radio Access Network (Open RAN) equipment and solutions, alongside products for specialized applications such as quantum computing.