AmpliTech Group, Inc. (NASDAQ:AMPG) Sees Significant Increase in Short Interest

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,088,991 shares, a growth of 135.6% from the May 14th total of 1,735,469 shares. Based on an average trading volume of 9,519,018 shares, the short-interest ratio is currently 0.4 days. Currently, 19.5% of the company’s shares are sold short.

Insider Activity at AmpliTech Group

In related news, Director Daniel Richard Mazziota sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $4.95, for a total value of $49,500.00. Following the sale, the director directly owned 254,900 shares in the company, valued at $1,261,755. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jorge Luis Flores sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $5.36, for a total value of $160,800.00. Following the completion of the sale, the chief operating officer owned 76,000 shares in the company, valued at $407,360. The trade was a 28.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,000 shares of company stock worth $450,300 over the last ninety days. Insiders own 17.12% of the company’s stock.

Institutional Investors Weigh In On AmpliTech Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thompson Davis & CO. Inc. increased its position in shares of AmpliTech Group by 9.4% during the fourth quarter. Thompson Davis & CO. Inc. now owns 32,266 shares of the company’s stock worth $96,000 after acquiring an additional 2,778 shares in the last quarter. Legato Capital Management LLC raised its position in AmpliTech Group by 26.8% in the 4th quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after buying an additional 4,376 shares during the last quarter. Virtu Financial LLC raised its position in AmpliTech Group by 32.3% in the 4th quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock valued at $58,000 after buying an additional 4,762 shares during the last quarter. Geode Capital Management LLC raised its position in AmpliTech Group by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after buying an additional 4,811 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in AmpliTech Group by 54.3% in the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after buying an additional 7,837 shares during the last quarter. 10.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMPG has been the topic of several recent analyst reports. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. Finally, Maxim Group dropped their price target 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AmpliTech Group has an average rating of “Hold” and a consensus price target of $7.00.

AmpliTech Group Stock Down 2.1%

AMPG stock traded down $0.18 during midday trading on Friday, reaching $8.49. 8,244,620 shares of the company’s stock traded hands, compared to its average volume of 8,649,362. The firm’s fifty day moving average price is $3.49 and its 200-day moving average price is $3.18. AmpliTech Group has a 52 week low of $1.64 and a 52 week high of $9.30. The company has a market cap of $215.13 million, a price-to-earnings ratio of -27.39 and a beta of -0.18.

AmpliTech Group (NASDAQ:AMPG) last posted its 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). 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%.

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.