Insider Selling: AmpliTech Group (NASDAQ:AMPG) COO Sells 30,000 Shares of Stock

AmpliTech Group, Inc. (NASDAQ:AMPGGet 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:AMPGGet 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

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Maxim Group dropped their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Wall Street Zen downgraded shares of AmpliTech Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

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

(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.

Further Reading

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