AmpliTech Group (NASDAQ:AMPG) Stock Price Down 2.6%

AmpliTech Group, Inc. (NASDAQ:AMPG)’s stock price dropped 2.6% on Tuesday . The stock traded as low as $2.22 and last traded at $2.27. Approximately 10,598 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 22,894 shares. The stock had previously closed at $2.33.

AmpliTech Group Stock Performance

The firm has a market cap of $21.58 million, a P/E ratio of -9.20 and a beta of 0.96. The stock’s 50 day simple moving average is $2.00 and its 200 day simple moving average is $1.91.

Institutional Trading of AmpliTech Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in AmpliTech Group by 11.2% during the 4th quarter. Vanguard Group Inc. now owns 239,729 shares of the company’s stock valued at $451,000 after purchasing an additional 24,205 shares in the last quarter. Murchinson Ltd. bought a new stake in AmpliTech Group during the 4th quarter valued at $118,000. Bard Associates Inc. increased its stake in AmpliTech Group by 2.3% during the 4th quarter. Bard Associates Inc. now owns 359,113 shares of the company’s stock valued at $675,000 after purchasing an additional 8,000 shares in the last quarter. AMH Equity Ltd increased its stake in AmpliTech Group by 11.1% during the 4th quarter. AMH Equity Ltd now owns 104,409 shares of the company’s stock valued at $196,000 after purchasing an additional 10,449 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in AmpliTech Group by 185.4% during the 2nd quarter. Citadel Advisors LLC now owns 60,351 shares of the company’s stock valued at $139,000 after purchasing an additional 39,205 shares in the last quarter. Institutional investors own 10.99% of the company’s stock.

AmpliTech Group Company Profile

AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.