Key Points
- CFO Louisa Sanfratello sold 50,000 shares of AmpliTech Group stock at an average price of $4.80, for proceeds of $240,000. After the sale, she still owned 60,000 shares.
- AmpliTech’s recent earnings came in mixed, with quarterly EPS of -$0.06 missing estimates by $0.01, while revenue of $5.35 million topped expectations of $5.00 million.
- Analyst sentiment remains cautious, with the stock currently carrying a consensus “Hold” rating and an average price target of $7.00, though ratings are split between a buy and a sell.
AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) CFO Louisa Sanfratello sold 50,000 shares of the business's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.80, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer owned 60,000 shares in the company, valued at approximately $288,000. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
AmpliTech Group Stock Performance
NASDAQ:AMPG opened at $4.42 on Friday. AmpliTech Group, Inc. has a one year low of $1.64 and a one year high of $5.65. The business's 50-day simple moving average is $2.66 and its 200 day simple moving average is $2.93. The stock has a market cap of $112.00 million, a price-to-earnings ratio of -14.26 and a beta of -0.57.
AmpliTech Group (NASDAQ:AMPG - Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.The business had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AMPG. Weiss Ratings reiterated a "sell (d-)" rating on shares of AmpliTech Group in a research note on Monday, April 20th. Wall Street Zen cut AmpliTech Group from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Finally, Maxim Group cut their price objective on 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 research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $7.00.
Read Our Latest Report on AmpliTech Group
Institutional Trading of AmpliTech Group
Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of AmpliTech Group by 135.5% during the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company's stock worth $708,000 after purchasing an additional 214,400 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AmpliTech Group by 156.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company's stock worth $410,000 after purchasing an additional 131,599 shares during the period. Creek Drive Management Group LLC acquired a new stake in shares of AmpliTech Group during the 4th quarter worth approximately $1,196,000. Virtu Financial LLC raised its position in shares of AmpliTech Group by 32.3% during the 4th quarter. Virtu Financial LLC now owns 19,523 shares of the company's stock worth $58,000 after purchasing an additional 4,762 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of AmpliTech Group during the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 10.99% of the company's stock.
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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