Key Points
- AmpliTech Group COO Jorge Luis Flores sold 30,000 shares on June 1 at an average price of $5.36, totaling $160,800. After the sale, he still owned 76,000 shares, a 28.3% reduction in his stake.
- The stock has been volatile but recently strengthened, opening at $5.02 on Wednesday after ranging between a 52-week low of $1.64 and high of $5.65. Its market cap is about $127.2 million.
- Recent fundamentals and analyst views remain mixed: the company missed EPS estimates in its latest quarter but beat revenue expectations, while analysts currently rate the stock around Hold with a consensus price target of $7.00.
AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) COO Jorge Luis Flores sold 30,000 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $5.36, for a total transaction of $160,800.00. Following the sale, the chief operating officer directly owned 76,000 shares in the company, valued at $407,360. This trade represents a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
AmpliTech Group Price Performance
NASDAQ:AMPG opened at $5.02 on Wednesday. AmpliTech Group, Inc. has a one year low of $1.64 and a one year high of $5.65. The company has a market cap of $127.21 million, a P/E ratio of -16.19 and a beta of -0.18. The firm's fifty day moving average price is $2.71 and its two-hundred day moving average price is $2.95.
AmpliTech Group (NASDAQ:AMPG - Get Free Report) last released its quarterly earnings data 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 net margin of 24.82% and a negative return on equity of 17.50%. The company had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million.
Hedge Funds Weigh In On AmpliTech Group
Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in AmpliTech Group during the fourth quarter worth about $101,000. Squarepoint Ops LLC increased 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 worth $87,000 after acquiring an additional 7,837 shares during the period. Millennium Management LLC bought a new position in AmpliTech Group during the third quarter worth about $73,000. Engineers Gate Manager LP bought a new position in AmpliTech Group during the fourth quarter worth about $62,000. Finally, Virtu Financial LLC increased its position in AmpliTech Group by 32.3% during the fourth quarter. Virtu Financial LLC now owns 19,523 shares of the company's stock worth $58,000 after acquiring an additional 4,762 shares during the period. 10.99% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on AMPG shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of AmpliTech Group in a report on Monday, April 20th. Maxim Group decreased their price objective on shares of AmpliTech Group from $9.00 to $7.00 and set a "buy" rating on the stock in a report on Monday, March 30th. Finally, Wall Street Zen downgraded AmpliTech Group from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AmpliTech Group currently has an average rating of "Hold" and a consensus price target of $7.00.
Check Out Our Latest Stock Analysis on AmpliTech Group
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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