Jorge Luis Flores Sells 30,000 Shares of AmpliTech Group (NASDAQ:AMPG) Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) COO Jorge Luis Flores sold 30,000 shares of AmpliTech Group stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $5.36, for a total transaction of $160,800.00. Following the transaction, the chief operating officer owned 76,000 shares of the company’s stock, valued at $407,360. The trade was a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AmpliTech Group Stock Performance

AMPG stock opened at $5.33 on Thursday. The firm has a 50 day moving average price of $2.82 and a 200-day moving average price of $2.98. AmpliTech Group, Inc. has a 52-week low of $1.64 and a 52-week high of $5.65. The firm has a market capitalization of $135.06 million, a price-to-earnings ratio of -17.19 and a beta of -0.18.

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 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 business had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMPG shares. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Wall Street Zen lowered shares of AmpliTech Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Maxim Group decreased their price objective on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.00.

Institutional Investors Weigh In On AmpliTech Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in AmpliTech Group by 135.5% during the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock valued at $708,000 after buying an additional 214,400 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in AmpliTech Group by 156.8% during the 1st 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 during the last quarter. Creek Drive Management Group LLC purchased a new stake in AmpliTech Group during the 4th quarter valued at $1,196,000. Virtu Financial LLC raised its stake in AmpliTech Group by 32.3% during 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. Finally, XTX Topco Ltd purchased a new stake in AmpliTech Group during the 4th quarter valued at $101,000. 10.99% of the stock is currently owned by hedge funds and other 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.