AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Large Growth in Short Interest

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,014,281 shares, a growth of 18.7% from the February 26th total of 854,724 shares. Based on an average daily trading volume, of 381,665 shares, the days-to-cover ratio is presently 2.7 days. Currently, 5.3% of the company’s stock are sold short.

AmpliTech Group Price Performance

NASDAQ:AMPG opened at $1.90 on Thursday. The company has a market cap of $48.13 million, a PE ratio of -5.59 and a beta of -0.93. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $3.25. AmpliTech Group has a 52 week low of $1.21 and a 52 week high of $4.89.

AmpliTech Group (NASDAQ:AMPG) last issued its quarterly earnings results on Thursday, March 26th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $4.48 million during the quarter, compared to the consensus estimate of $4.30 million. AmpliTech Group had a negative net margin of 27.81% and a negative return on equity of 19.98%.

Analysts Set New Price Targets

Several analysts recently issued reports on AMPG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Wednesday, January 21st. Maxim Group decreased their price objective on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.00.

Institutional Trading of AmpliTech Group

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of AmpliTech Group in the 3rd quarter worth about $57,000. Bryn Mawr Trust Advisors LLC grew its position in shares of AmpliTech Group by 37.1% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after buying an additional 4,000 shares during the last quarter. Legato Capital Management LLC grew its position in shares of AmpliTech Group by 26.8% during the 4th quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after buying an additional 4,376 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in AmpliTech Group during the fourth quarter worth about $62,000. Finally, Millennium Management LLC acquired a new stake in AmpliTech Group during the third quarter worth about $73,000. Institutional investors own 10.99% of the company’s stock.

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.