Maxim Group Cuts AmpliTech Group (NASDAQ:AMPG) Price Target to $7.00

AmpliTech Group (NASDAQ:AMPG) had its price objective decreased by Maxim Group from $9.00 to $7.00 in a report released on Monday,Benzinga reports. Maxim Group currently has a buy rating on the stock.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.00.

AmpliTech Group Stock Performance

Shares of NASDAQ AMPG opened at $1.90 on Monday. The company has a fifty day moving average price of $2.77 and a 200 day moving average price of $3.25. The firm has a market cap of $48.13 million, a PE ratio of -5.59 and a beta of -0.93. AmpliTech Group has a 1-year low of $1.21 and a 1-year high of $4.89.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings results on Thursday, March 26th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $4.48 million during the quarter, compared to analyst estimates of $4.30 million. AmpliTech Group had a negative net margin of 27.81% and a negative return on equity of 19.98%.

Institutional Investors Weigh In On AmpliTech Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after buying an additional 4,811 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its position in shares of AmpliTech Group by 37.1% in the third 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 during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in AmpliTech Group during the third quarter worth about $281,000. Dimensional Fund Advisors LP raised its holdings in AmpliTech Group by 62.7% during the third quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company’s stock worth $245,000 after acquiring an additional 24,302 shares in the last quarter. Finally, Squarepoint Ops LLC boosted 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 purchasing an additional 7,837 shares during the last quarter. 10.99% of the stock is owned by institutional investors.

AmpliTech Group Company Profile

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.