AmpliTech Group (NASDAQ:AMPG) Director Daniel Richard Mazziota Sells 10,000 Shares of Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $7.71, for a total transaction of $77,100.00. Following the sale, the director directly owned 237,743 shares in the company, valued at approximately $1,832,998.53. This represents a 4.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 22nd, Daniel Richard Mazziota sold 7,157 shares of AmpliTech Group stock. The stock was sold at an average price of $8.46, for a total transaction of $60,548.22.
• On Friday, May 22nd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The shares were sold at an average price of $4.95, for a total transaction of $49,500.00.

AmpliTech Group Price Performance

Shares of AMPG stock traded down $0.70 during midday trading on Wednesday, reaching $7.03. 3,399,880 shares of the company traded hands, compared to its average volume of 2,384,654. The firm’s 50 day simple moving average is $4.43 and its two-hundred day simple moving average is $3.44. The firm has a market cap of $178.04 million, a PE ratio of -22.66 and a beta of -0.18. 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 quarterly earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.The firm had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million.

Hedge Funds Weigh In On AmpliTech Group

Several hedge funds have recently bought and sold shares of AMPG. Virtu Financial LLC acquired a new position in shares of AmpliTech Group in the third quarter worth $57,000. Millennium Management LLC purchased a new stake in shares of AmpliTech Group in the third quarter valued at $73,000. Engineers Gate Manager LP acquired a new stake in shares of AmpliTech Group during the fourth quarter valued at $62,000. Legato Capital Management LLC boosted its stake in shares of AmpliTech Group by 26.8% during the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after acquiring an additional 4,376 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in AmpliTech Group by 54.3% during the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares in the last quarter. Hedge funds and other institutional investors own 10.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMPG. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. 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 report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.