AmpliTech Group (NASDAQ:AMPG) Stock Moved Up to Sell by Wall Street Zen

AmpliTech Group (NASDAQ:AMPG) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.00.

AmpliTech Group Price Performance

Shares of AMPG stock opened at $2.25 on Friday. AmpliTech Group has a 12-month low of $1.64 and a 12-month high of $10.11. The business has a 50 day simple moving average of $2.90 and a 200 day simple moving average of $3.78.

AmpliTech Group (NASDAQ:AMPG) last posted its earnings results on Thursday, November 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.19). AmpliTech Group had a negative net margin of 39.65% and a negative return on equity of 22.75%. The business had revenue of $6.58 million during the quarter, compared to analyst estimates of $14.00 million.

Institutional Investors Weigh In On AmpliTech Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in shares of AmpliTech Group during the 2nd quarter valued at about $643,000. Renaissance Technologies LLC grew its stake in shares of AmpliTech Group by 135.5% in the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after purchasing an additional 214,400 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AmpliTech Group by 156.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after purchasing an additional 131,599 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of AmpliTech Group in the 2nd quarter worth approximately $119,000. 10.99% of the stock is currently owned by institutional investors.

AmpliTech Group Company Profile

AmpliTech Group, Inc. designs, develops and manufactures radio-frequency (RF) and microwave components and systems. Its products include low-noise amplifiers, power amplifiers, switches, filters and integrated assemblies used in communications and other applications requiring high-frequency signal processing. The company serves markets including satellite communications, telecommunications, aerospace and defense, and space. It also develops 5G and Open Radio Access Network (Open RAN) equipment and solutions, alongside products for specialized applications such as quantum computing.