AmpliTech Group (NASDAQ:AMPG) Director Daniel Richard Mazziota Sells 10,000 Shares

AmpliTech Group, Inc. (NASDAQ:AMPG) 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 transaction, the director owned 254,900 shares of the company’s stock, valued at $1,261,755. This represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AmpliTech Group Stock Down 1.0%

Shares of NASDAQ:AMPG opened at $4.99 on Wednesday. The firm has a market capitalization of $126.44 million, a PE ratio of -16.10 and a beta of -0.57. AmpliTech Group, Inc. has a twelve month low of $1.64 and a twelve month high of $5.65. The company has a 50-day moving average price of $2.55 and a two-hundred day moving average price of $2.89.

AmpliTech Group (NASDAQ:AMPG) last issued 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 business had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.00 million. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.

Institutional Investors Weigh In On AmpliTech Group

A number of institutional investors and hedge funds have recently modified their holdings of AMPG. Creek Drive Management Group LLC purchased a new stake in shares of AmpliTech Group in the fourth quarter worth about $1,196,000. Renaissance Technologies LLC lifted its holdings in shares of AmpliTech Group by 135.5% in the first quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after buying an additional 214,400 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of AmpliTech Group in the third quarter worth about $752,000. Dimensional Fund Advisors LP lifted its holdings in shares of AmpliTech Group by 156.8% in the first quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after buying an additional 131,599 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of AmpliTech Group in the third quarter worth about $281,000. 10.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Finally, Maxim Group cut their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

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.