Traders Purchase High Volume of Call Options on AmpliTech Group (NASDAQ:AMPG)

AmpliTech Group, Inc. (NASDAQ:AMPGGet Free Report) was the recipient of unusually large options trading on Tuesday. Traders bought 10,333 call options on the stock. This is an increase of 205% compared to the average volume of 3,386 call options.

AmpliTech Group Price Performance

AmpliTech Group stock traded down $0.00 during midday trading on Tuesday, reaching $6.57. The company had a trading volume of 5,645,417 shares, compared to its average volume of 1,848,690. The company has a market capitalization of $166.41 million, a P/E ratio of -21.29 and a beta of -0.19. AmpliTech Group has a 12-month low of $1.64 and a 12-month high of $7.74. The firm’s fifty day simple moving average is $3.01 and its 200-day simple moving average is $3.04.

AmpliTech Group (NASDAQ:AMPGGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.The firm had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million.

Analysts Set New Price Targets

A number of research firms have weighed in on AMPG. Maxim Group cut their price objective 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. Wall Street Zen cut AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.00.

Get Our Latest Research Report on AmpliTech Group

Insider Buying and Selling

In other AmpliTech Group news, Director Daniel Richard Mazziota sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $4.95, for a total value of $49,500.00. Following the sale, the director owned 254,900 shares in the company, valued at approximately $1,261,755. This represents a 3.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jorge Luis Flores sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $5.36, for a total transaction of $160,800.00. Following the sale, the chief operating officer directly owned 76,000 shares in the company, valued at $407,360. The trade was a 28.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 90,000 shares of company stock valued at $450,300 over the last ninety days. Company insiders own 17.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creek Drive Management Group LLC purchased a new stake in shares of AmpliTech Group during the fourth quarter worth $1,196,000. Renaissance Technologies LLC lifted its stake 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 buying an additional 214,400 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in AmpliTech Group during the third quarter worth about $752,000. Dimensional Fund Advisors LP grew its stake in AmpliTech Group by 156.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock valued at $410,000 after acquiring an additional 131,599 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new stake in AmpliTech Group in the 3rd quarter valued at about $281,000. Hedge funds and other institutional investors 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.

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