AmpliTech Group, Inc. (NASDAQ:AMPG – Get Free Report) COO Jorge Luis Flores sold 30,000 shares of AmpliTech Group stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $5.36, for a total transaction of $160,800.00. Following the sale, the chief operating officer owned 76,000 shares of the company’s stock, valued at approximately $407,360. This represents a 28.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
AmpliTech Group Trading Down 2.3%
AmpliTech Group stock traded down $0.12 during trading on Tuesday, hitting $5.03. The company had a trading volume of 6,119,563 shares, compared to its average volume of 4,914,942. AmpliTech Group, Inc. has a 1-year low of $1.64 and a 1-year high of $5.65. The company’s 50 day simple moving average is $2.71 and its 200-day simple moving average is $2.95. The stock has a market cap of $127.51 million, a price-to-earnings ratio of -16.93 and a beta of -0.57.
AmpliTech Group (NASDAQ:AMPG – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $5.00 million.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on AMPG
Hedge Funds Weigh In On AmpliTech Group
Several institutional investors have recently modified their holdings of AMPG. Creek Drive Management Group LLC acquired a new position in shares of AmpliTech Group in the fourth quarter worth $1,196,000. Renaissance Technologies LLC lifted its position in shares of AmpliTech Group by 135.5% during the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after purchasing an additional 214,400 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of AmpliTech Group during the 3rd quarter worth $752,000. Dimensional Fund Advisors LP lifted its position in shares of AmpliTech Group by 156.8% during 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. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of AmpliTech Group during the 3rd quarter worth $281,000. Institutional investors and hedge funds 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.
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