AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,014,281 shares, an increase of 18.7% from the February 26th total of 854,724 shares. Based on an average daily trading volume, of 381,665 shares, the days-to-cover ratio is presently 2.7 days. Approximately 5.3% of the shares of the stock are short sold.

AmpliTech Group Trading Up 8.0%

Shares of NASDAQ AMPG opened at $1.90 on Wednesday. The company’s 50-day moving average price is $2.80 and its 200 day moving average price is $3.25. AmpliTech Group has a 52 week low of $1.21 and a 52 week high of $4.89. The stock has a market cap of $48.13 million, a price-to-earnings ratio of -5.59 and a beta of -0.93.

AmpliTech Group (NASDAQ:AMPG) last announced its earnings results on Thursday, March 26th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). AmpliTech Group had a negative return on equity of 19.98% and a negative net margin of 27.81%.The business had revenue of $4.48 million for the quarter, compared to analyst estimates of $4.30 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Creek Drive Management Group LLC acquired a new stake in AmpliTech Group during the 4th quarter valued at $1,196,000. Geode Capital Management LLC raised its holdings in shares of AmpliTech Group by 4.2% in the fourth 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of AmpliTech Group in the third quarter worth $752,000. Corsair Capital Management L.P. lifted its position in shares of AmpliTech Group by 71.7% in the fourth quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock valued at $513,000 after acquiring an additional 71,722 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of AmpliTech Group in the fourth quarter valued at $473,000. 10.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMPG has been the subject of several research analyst reports. Maxim Group cut their price objective on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.00.

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.