Insider Selling: AmpliTech Group (NASDAQ:AMPG) Director Sells $60,548.22 in Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 7,157 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $8.46, for a total value of $60,548.22. Following the sale, the director owned 247,743 shares in the company, valued at approximately $2,095,905.78. The trade was a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Daniel Richard Mazziota also recently made the following trade(s):

• On Friday, May 22nd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The stock was sold at an average price of $4.95, for a total value of $49,500.00.

AmpliTech Group Stock Performance

NASDAQ AMPG traded down $0.70 during mid-day trading on Wednesday, reaching $7.03. 3,391,568 shares of the stock were exchanged, compared to its average volume of 2,384,226. The company has a market capitalization of $178.04 million, a P/E ratio of -22.66 and a beta of -0.18. The business’s 50 day moving average is $4.43 and its 200-day moving average is $3.44. AmpliTech Group, Inc. has a 1 year low of $1.64 and a 1 year high of $10.11.

AmpliTech Group (NASDAQ:AMPG) last released its earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) 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 analysts’ expectations 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

A number of hedge funds have recently made changes to their positions in AMPG. Creek Drive Management Group LLC purchased a new stake in AmpliTech Group in the 4th quarter worth approximately $1,196,000. Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in AmpliTech Group by 156.8% during the first quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock valued at $410,000 after buying an additional 131,599 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of AmpliTech Group by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock worth $582,000 after acquiring an additional 7,874 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of AmpliTech Group during the 3rd quarter valued at about $752,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Finally, Maxim Group dropped 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 research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, AmpliTech Group currently has an average rating of “Hold” and a consensus price target 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.