AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 437,800 shares, a decrease of 17.7% from the April 30th total of 532,100 shares. Based on an average daily trading volume, of 305,600 shares, the short-interest ratio is currently 1.4 days. Approximately 2.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

AmpliTech Group Stock Up 2.2%

Shares of NASDAQ:AMPG opened at $2.31 on Thursday. The firm has a market capitalization of $47.53 million, a PE ratio of -2.85 and a beta of -1.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.98 and a current ratio of 4.91. AmpliTech Group has a 52-week low of $0.64 and a 52-week high of $6.43. The firm has a fifty day moving average of $1.79 and a 200 day moving average of $1.97.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $3.60 million for the quarter, compared to the consensus estimate of $3.50 million. AmpliTech Group had a negative net margin of 68.09% and a negative return on equity of 35.34%.

Institutional Trading of AmpliTech Group

Institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. purchased a new stake in AmpliTech Group during the 1st quarter valued at about $34,000. Essex Investment Management Co. LLC purchased a new stake in shares of AmpliTech Group during the first quarter valued at approximately $91,000. AIGH Capital Management LLC bought a new position in shares of AmpliTech Group in the first quarter worth approximately $1,403,000. Asset Management One Co. Ltd. purchased a new position in shares of AmpliTech Group in the first quarter worth $102,000. Finally, PFG Investments LLC bought a new stake in AmpliTech Group during the 1st quarter valued at $50,000. 10.99% of the stock is currently owned by hedge funds and other institutional investors.

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.