AmpliTech Group (NASDAQ:AMPG) Shares Down 6.4% – Should You Sell?

AmpliTech Group, Inc. (NASDAQ:AMPG)’s share price fell 6.4% on Tuesday . The company traded as low as $3.32 and last traded at $3.38. 1,417,630 shares traded hands during trading, an increase of 57% from the average session volume of 904,050 shares. The stock had previously closed at $3.61.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, AmpliTech Group currently has an average rating of “Sell”.

AmpliTech Group Price Performance

The stock has a market cap of $69.76 million, a P/E ratio of -6.63 and a beta of -0.96. The business’s fifty day moving average price is $3.31 and its 200 day moving average price is $3.43.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.08. The company had revenue of $6.09 million for the quarter, compared to analyst estimates of $5.00 million. AmpliTech Group had a negative net margin of 33.77% and a negative return on equity of 21.04%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMPG. Bryn Mawr Trust Advisors LLC boosted its holdings in shares of AmpliTech Group by 37.1% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after acquiring an additional 4,000 shares in the last quarter. Virtu Financial LLC bought a new position in AmpliTech Group in the third quarter valued at about $57,000. Millennium Management LLC acquired a new stake in shares of AmpliTech Group during the third quarter valued at about $73,000. Squarepoint Ops LLC grew its holdings in shares of AmpliTech Group by 54.3% during the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of AmpliTech Group by 9.4% during the fourth quarter. Thompson Davis & CO. Inc. now owns 32,266 shares of the company’s stock worth $96,000 after purchasing an additional 2,778 shares during 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.