Key Points
- Director Daniel Richard Mazziota sold 10,000 AmpliTech Group shares on May 22 at an average price of $4.95, totaling $49,500. After the sale, he still held 254,900 shares.
- AmpliTech Group stock was trading around $4.99, near its 12-month high of $5.65, while the company has a market cap of about $126.44 million and remains unprofitable.
- The company recently reported quarterly earnings of -$0.06 per share, missing analyst estimates, though revenue of $5.35 million came in above expectations. Analyst sentiment is mixed, with a consensus rating of Hold.
AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $4.95, for a total transaction of $49,500.00. Following the completion of the sale, the director directly owned 254,900 shares in the company, valued at approximately $1,261,755. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
AmpliTech Group Trading Down 1.0%
Shares of AmpliTech Group stock opened at $4.99 on Wednesday. AmpliTech Group, Inc. has a 12-month low of $1.64 and a 12-month high of $5.65. The company has a market cap of $126.44 million, a price-to-earnings ratio of -16.10 and a beta of -0.57. The company's 50-day moving average price is $2.55 and its 200-day moving average price is $2.89.
AmpliTech Group (NASDAQ:AMPG - Get Free Report) last announced its earnings results 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). The company had revenue of $5.35 million during the quarter, compared to analysts' expectations of $5.00 million. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on AMPG shares. Wall Street Zen downgraded shares of AmpliTech Group from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AmpliTech Group in a research note on Monday, April 20th. Finally, Maxim Group lowered their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a "buy" rating on the stock in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.00.
View Our Latest Report on AmpliTech Group
Institutional Investors Weigh In On AmpliTech Group
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creek Drive Management Group LLC purchased a new position in shares of AmpliTech Group during the fourth quarter worth approximately $1,196,000. Renaissance Technologies LLC raised its stake in shares of AmpliTech Group by 135.5% during the first quarter. Renaissance Technologies LLC now owns 372,600 shares of the company's stock worth $708,000 after acquiring an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AmpliTech Group by 156.8% during the first quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company's stock worth $410,000 after acquiring an additional 131,599 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AmpliTech Group by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 194,620 shares of the company's stock worth $582,000 after acquiring an additional 7,874 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of AmpliTech Group during the third quarter worth approximately $752,000. 10.99% of the stock is owned by hedge funds and other institutional investors.
AmpliTech Group Company Profile
(
Get Free Report)
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.
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