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

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 3,323,586 shares, a decrease of 49.8% from the July 15th total of 6,621,420 shares. Currently, 15.8% of the company’s stock are sold short. Based on an average daily volume of 2,122,301 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research note on Friday, July 17th. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AmpliTech Group currently has a consensus rating of “Hold” and an average target price of $7.00.

AmpliTech Group Stock Performance

Shares of AMPG opened at $3.99 on Monday. The firm has a market cap of $101.11 million, a PE ratio of -11.74 and a beta of -0.20. The firm’s 50 day moving average price is $6.54 and its 200 day moving average price is $4.16. AmpliTech Group has a twelve month low of $1.64 and a twelve month high of $10.11.

AmpliTech Group (NASDAQ:AMPG) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%. The business had revenue of $8.07 million during the quarter, compared to analyst estimates of $8.00 million.

Insider Buying and Selling

In related news, COO Jorge Luis Flores sold 30,000 shares of the firm’s 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 completion of the sale, the chief operating officer directly owned 76,000 shares in the company, valued at approximately $407,360. This trade represents a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Louisa Sanfratello sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.80, for a total transaction of $240,000.00. Following the transaction, the chief financial officer directly owned 60,000 shares in the company, valued at $288,000. The trade was a 45.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 107,157 shares of company stock worth $587,948. 17.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On AmpliTech Group

A number of large investors have recently bought and sold shares of AMPG. Creek Drive Management Group LLC acquired a new stake in shares of AmpliTech Group in the fourth quarter worth about $1,196,000. Renaissance Technologies LLC increased its holdings in shares of 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 acquiring an additional 214,400 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of AmpliTech Group during the 3rd quarter valued at about $752,000. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 131,599 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of AmpliTech Group in the 2nd quarter valued at approximately $643,000. 10.99% of the stock is currently owned by institutional investors.

About AmpliTech Group

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.