AmpliTech Group (NASDAQ:AMPG) COO Jorge Luis Flores Sells 30,000 Shares of Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) COO Jorge Luis Flores sold 30,000 shares of the business’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 completion of the sale, the chief operating officer directly owned 76,000 shares in the company, valued at approximately $407,360. This represents a 28.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AmpliTech Group Stock Down 2.5%

Shares of AMPG stock opened at $5.02 on Wednesday. The company’s fifty day simple moving average is $2.71 and its 200-day simple moving average is $2.95. The firm has a market cap of $127.21 million, a PE ratio of -16.19 and a beta of -0.18. AmpliTech Group, Inc. has a 12 month low of $1.64 and a 12 month high of $5.65.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $5.35 million during 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 Trading of AmpliTech Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPG. Geode Capital Management LLC raised its position in AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after acquiring an additional 4,811 shares in the last quarter. Bryn Mawr Trust Advisors LLC raised its position in AmpliTech Group by 37.1% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock worth $57,000 after acquiring an additional 4,000 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in AmpliTech Group during the third quarter worth $281,000. Dimensional Fund Advisors LP raised its position in AmpliTech Group by 62.7% during the third quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company’s stock worth $245,000 after acquiring an additional 24,302 shares in the last quarter. Finally, Squarepoint Ops LLC raised 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 in the last quarter. 10.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on AMPG shares. Maxim Group reduced their price target on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. Finally, Wall Street Zen cut AmpliTech Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AmpliTech Group currently has an average rating of “Hold” and an average target price of $7.00.

About AmpliTech Group

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.