AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 627,500 shares, a decrease of 33.8% from the September 15th total of 947,900 shares. Based on an average trading volume of 752,100 shares, the short-interest ratio is presently 0.8 days. Approximately 3.6% of the shares of the stock are sold short. Approximately 3.6% of the shares of the stock are sold short. Based on an average trading volume of 752,100 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On AmpliTech Group

Institutional investors have recently bought and sold shares of the stock. AIGH Capital Management LLC bought a new position in AmpliTech Group during the first quarter valued at about $1,403,000. PFG Investments LLC bought a new position in AmpliTech Group during the first quarter valued at about $50,000. Asset Management One Co. Ltd. bought a new position in AmpliTech Group during the first quarter valued at about $102,000. Thompson Davis & CO. Inc. bought a new position in AmpliTech Group during the first quarter valued at about $34,000. Finally, Geode Capital Management LLC grew its position in shares of AmpliTech Group by 3.0% in the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after purchasing an additional 4,811 shares during the last quarter. 10.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AmpliTech Group presently has a consensus rating of “Sell”.

AmpliTech Group Trading Down 14.5%

NASDAQ AMPG opened at $3.24 on Thursday. AmpliTech Group has a 1-year low of $0.78 and a 1-year high of $6.43. The company has a market capitalization of $66.84 million, a PE ratio of -5.23 and a beta of -0.98. The firm’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $2.77.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). AmpliTech Group had a negative return on equity of 26.65% and a negative net margin of 44.65%.The company had revenue of $11.03 million during the quarter, compared to analyst estimates of $3.50 million. AmpliTech Group has set its FY 2025 guidance at EPS.

AmpliTech Group Company Profile

AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company’s products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.