AmpliTech Group (NASDAQ:AMPG) Director Sells $77,100.00 in Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $7.71, for a total value of $77,100.00. Following the transaction, the director owned 237,743 shares of the company’s stock, valued at $1,832,998.53. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Daniel Richard Mazziota also recently made the following trade(s):

• On Monday, June 22nd, Daniel Richard Mazziota sold 7,157 shares of AmpliTech Group stock. The shares were sold at an average price of $8.46, for a total value of $60,548.22.
• On Friday, May 22nd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The stock was sold at an average price of $4.95, for a total transaction of $49,500.00.

AmpliTech Group Stock Performance

Shares of AMPG opened at $6.59 on Friday. The stock has a market capitalization of $167.04 million, a PE ratio of -21.26 and a beta of -0.18. AmpliTech Group, Inc. has a 1 year low of $1.64 and a 1 year high of $10.11. The company’s 50-day simple moving average is $4.72 and its 200-day simple moving average is $3.51.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of AmpliTech Group in the 3rd quarter valued at about $57,000. Legato Capital Management LLC boosted its holdings in AmpliTech Group by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after purchasing an additional 4,376 shares in the last quarter. Engineers Gate Manager LP acquired a new position in AmpliTech Group in the fourth quarter valued at approximately $62,000. Millennium Management LLC purchased a new position in AmpliTech Group in the third quarter valued at approximately $73,000. Finally, Squarepoint Ops LLC increased its stake in AmpliTech Group by 54.3% in the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after purchasing an additional 7,837 shares during the last quarter. 10.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMPG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Wall Street Zen upgraded AmpliTech Group from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Maxim Group lowered their target price on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.00.

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.