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

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $4.95, for a total value of $49,500.00. Following the sale, the director owned 254,900 shares of the company’s stock, valued at approximately $1,261,755. This trade represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AmpliTech Group Trading Down 2.0%

NASDAQ:AMPG opened at $4.89 on Thursday. AmpliTech Group, Inc. has a twelve month low of $1.64 and a twelve month high of $5.65. The company has a market cap of $123.91 million, a price-to-earnings ratio of -15.77 and a beta of -0.57. The stock has a fifty day simple moving average of $2.59 and a 200-day simple moving average of $2.91.

AmpliTech Group (NASDAQ:AMPG) last released its earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.00 million.

Wall Street Analyst Weigh In

Several 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. Maxim Group dropped their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, Wall Street Zen lowered shares of AmpliTech Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Institutional Investors Weigh In On AmpliTech Group

Several large investors have recently modified their holdings of AMPG. Dimensional Fund Advisors LP raised its holdings in AmpliTech Group by 156.8% in the first 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. Virtu Financial LLC raised its holdings in AmpliTech Group by 32.3% in the fourth quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock worth $58,000 after purchasing an additional 4,762 shares in the last quarter. XTX Topco Ltd bought a new position in AmpliTech Group in the fourth quarter worth about $101,000. Engineers Gate Manager LP bought a new position in AmpliTech Group in the fourth quarter worth about $62,000. Finally, Millennium Management LLC bought a new position in AmpliTech Group in the third quarter worth about $73,000. Institutional investors own 10.99% of the company’s stock.

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.