AmpliTech Group (NASDAQ:AMPG) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of AmpliTech Group (NASDAQ:AMPG) from a hold rating to a sell rating in a report released on Saturday morning.

Several other research firms have also recently commented on AMPG. Maxim Group decreased their price target on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AmpliTech Group presently has an average rating of “Hold” and an average price target of $7.00.

AmpliTech Group Price Performance

AMPG opened at $2.95 on Friday. AmpliTech Group has a one year low of $1.64 and a one year high of $4.89. The company’s 50 day simple moving average is $2.26 and its 200-day simple moving average is $2.84. The stock has a market capitalization of $74.75 million, a P/E ratio of -9.52 and a beta of -0.57.

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

Hedge Funds Weigh In On AmpliTech Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new position in AmpliTech Group in the fourth quarter valued at approximately $181,000. Two Sigma Investments LP boosted its stake in AmpliTech Group by 45.7% in the third quarter. Two Sigma Investments LP now owns 30,531 shares of the company’s stock valued at $119,000 after acquiring an additional 9,570 shares during the last quarter. XTX Topco Ltd bought a new position in AmpliTech Group in the fourth quarter valued at approximately $101,000. Squarepoint Ops LLC boosted its stake in AmpliTech Group by 54.3% in the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after acquiring an additional 7,837 shares during the last quarter. Finally, Millennium Management LLC bought a new position in AmpliTech Group in the third quarter valued at approximately $73,000. 10.99% of the stock is owned by institutional investors.

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.