AmpliTech Group (NASDAQ:AMPG) CFO Louisa Sanfratello Sells 50,000 Shares

AmpliTech Group, Inc. (NASDAQ:AMPGGet Free Report) CFO Louisa Sanfratello sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.80, for a total transaction of $240,000.00. Following the transaction, the chief financial officer owned 60,000 shares in the company, valued at $288,000. The trade was a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

AmpliTech Group Price Performance

AmpliTech Group stock traded down $0.30 during mid-day trading on Friday, reaching $4.43. 4,335,606 shares of the company traded hands, compared to its average volume of 1,519,973. AmpliTech Group, Inc. has a fifty-two week low of $1.64 and a fifty-two week high of $5.65. The company has a market capitalization of $112.26 million, a price-to-earnings ratio of -14.29 and a beta of -0.57. The firm’s fifty day moving average is $2.63 and its two-hundred day moving average is $2.92.

AmpliTech Group (NASDAQ:AMPGGet Free Report) 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). AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%. The company had revenue of $5.35 million for the quarter, compared to analyst estimates of $5.00 million.

Analyst Ratings Changes

AMPG has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. Wall Street Zen lowered shares of AmpliTech Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Maxim Group cut 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. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Get Our Latest Analysis on AMPG

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Creek Drive Management Group LLC acquired a new position in shares of AmpliTech Group in the fourth quarter worth about $1,196,000. Renaissance Technologies LLC raised 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 during the period. Dimensional Fund Advisors LP raised 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 during the period. Geode Capital Management LLC lifted its holdings in AmpliTech Group by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock valued at $582,000 after purchasing an additional 7,874 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in AmpliTech Group during the third quarter valued at $752,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

About AmpliTech Group

(Get Free Report)

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.

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