AmpliTech Group (NASDAQ:AMPG) Raised to Hold at Wall Street Zen

AmpliTech Group (NASDAQ:AMPG) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other research analysts have also issued reports about the company. Maxim Group reduced 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

AmpliTech Group Price Performance

Shares of NASDAQ AMPG opened at $2.01 on Friday. The stock has a market capitalization of $50.91 million, a P/E ratio of -5.91 and a beta of -0.78. AmpliTech Group has a 1-year low of $1.30 and a 1-year high of $4.89. The business has a fifty day moving average price of $2.51 and a 200 day moving average price of $3.10.

AmpliTech Group (NASDAQ:AMPG) last issued its quarterly earnings data 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). AmpliTech Group had a negative return on equity of 19.98% and a negative net margin of 27.81%.The company had revenue of $4.48 million for the quarter, compared to analysts’ expectations of $4.30 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMPG. Virtu Financial LLC acquired a new position in AmpliTech Group during the 3rd quarter valued at about $57,000. Bryn Mawr Trust Advisors LLC increased its holdings in shares of AmpliTech Group by 37.1% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after purchasing an additional 4,000 shares during the period. Legato Capital Management LLC increased its holdings in shares of 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 period. Engineers Gate Manager LP acquired a new position in shares of AmpliTech Group in the fourth quarter valued at about $62,000. Finally, Millennium Management LLC acquired a new position in shares of AmpliTech Group in the third quarter valued at about $73,000. 10.99% of the stock is owned by institutional investors and hedge funds.

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.