AmpliTech Group Target of Unusually High Options Trading (NASDAQ:AMPG)

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of unusually large options trading on Tuesday. Traders acquired 10,333 call options on the stock. This represents an increase of 205% compared to the typical daily volume of 3,386 call options.

AmpliTech Group Stock Performance

NASDAQ:AMPG opened at $6.84 on Wednesday. The stock’s 50-day simple moving average is $3.11 and its 200 day simple moving average is $3.07. The company has a market cap of $173.33 million, a P/E ratio of -22.06 and a beta of -0.18. AmpliTech Group has a 52-week low of $1.64 and a 52-week high of $7.74.

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 analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%.

Insiders Place Their Bets

In other AmpliTech Group news, COO Jorge Luis Flores sold 30,000 shares of AmpliTech Group stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $5.36, for a total transaction of $160,800.00. Following the transaction, the chief operating officer directly owned 76,000 shares in the company, valued at approximately $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 link. Also, Director Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $4.95, for a total value of $49,500.00. Following the transaction, the director owned 254,900 shares in the company, valued at approximately $1,261,755. This represents a 3.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 90,000 shares of company stock worth $450,300. Corporate insiders own 17.12% of the company’s stock.

Institutional Trading of AmpliTech Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of AmpliTech Group in the third quarter valued at about $57,000. Millennium Management LLC acquired a new stake in shares of AmpliTech Group in the third quarter valued at about $73,000. Engineers Gate Manager LP acquired a new stake in shares of AmpliTech Group in the fourth quarter valued at about $62,000. Legato Capital Management LLC increased its position in shares of AmpliTech Group by 26.8% in 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 shares of AmpliTech Group by 54.3% in the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after acquiring an additional 7,837 shares during the last quarter. Institutional investors and hedge funds own 10.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Wall Street Zen lowered AmpliTech Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Maxim Group dropped their price target on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AmpliTech Group presently has an average rating of “Hold” and an average price target of $7.00.

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.