AmpliTech Group (NASDAQ:AMPG) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of AmpliTech Group (NASDAQ:AMPG) from a hold rating to a strong sell rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.00.

AmpliTech Group Stock Performance

AMPG stock opened at $3.37 on Friday. The company has a market capitalization of $101.23 million, a PE ratio of -9.91 and a beta of -0.20. AmpliTech Group has a one year low of $1.64 and a one year high of $10.11. The company’s 50 day moving average price is $5.50 and its two-hundred day moving average price is $4.19.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The business had revenue of $8.07 million during the quarter, compared to analysts’ expectations of $8.00 million. AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%.

Insider Activity

In other news, Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction that occurred 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 owned 237,743 shares of the company’s stock, 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 the SEC website. Corporate insiders own 17.12% of the company’s stock.

Institutional Investors Weigh In On AmpliTech Group

Several hedge funds have recently made changes to their positions in the company. Legato Capital Management LLC grew its stake in AmpliTech Group by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock worth $62,000 after purchasing an additional 4,376 shares during the period. Virtu Financial LLC raised its holdings in AmpliTech Group by 32.3% in the fourth quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock worth $58,000 after purchasing an additional 4,762 shares in the last quarter. Geode Capital Management LLC lifted its position in AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after buying an additional 4,811 shares during the period. Squarepoint Ops LLC lifted its position in AmpliTech Group by 54.3% during the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after buying an additional 7,837 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its holdings in shares of AmpliTech Group by 11.8% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 80,800 shares of the company’s stock valued at $242,000 after buying an additional 8,500 shares in the last quarter. 10.99% of the stock is currently owned by institutional investors.

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.