AmpliTech Group (NASDAQ:AMPG – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.00.
Read Our Latest Stock Analysis on AmpliTech Group
AmpliTech Group Stock Performance
AmpliTech Group (NASDAQ:AMPG – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The business had revenue of $8.07 million for the quarter, compared to analyst estimates of $8.00 million. AmpliTech Group had a negative return on equity of 19.55% and a negative net margin of 33.37%.
Insider Activity
In other news, Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $7.71, for a total value of $77,100.00. Following the completion of the transaction, the director directly owned 237,743 shares in the company, valued at approximately $1,832,998.53. This represents a 4.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.12% of the company’s stock.
Institutional Investors Weigh In On AmpliTech Group
A number of hedge funds and other institutional investors have recently bought and sold shares of AMPG. Creek Drive Management Group LLC bought a new position in AmpliTech Group in the fourth quarter valued at about $1,196,000. FNY Investment Advisers LLC acquired a new stake in shares of AmpliTech Group during the second quarter valued at about $643,000. Renaissance Technologies LLC grew its holdings in shares of AmpliTech Group by 135.5% during the first 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. Dimensional Fund Advisors LP grew its holdings in shares of AmpliTech Group by 156.8% during the first 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, XTX Topco Ltd acquired a new position in shares of AmpliTech Group in the fourth quarter valued at approximately $101,000. Institutional investors own 10.99% of the company’s stock.
About AmpliTech Group
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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