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

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,088,991 shares, a growth of 135.6% from the May 14th total of 1,735,469 shares. Based on an average trading volume of 9,519,018 shares, the days-to-cover ratio is currently 0.4 days. Approximately 19.5% of the company’s stock are sold short.

Insider Buying and Selling

In related news, Director Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.95, for a total value of $49,500.00. Following the completion of the transaction, the director owned 254,900 shares in the company, valued at $1,261,755. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Louisa Sanfratello sold 50,000 shares of AmpliTech Group stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $4.80, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer owned 60,000 shares of the company’s stock, valued at $288,000. This represents a 45.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 90,000 shares of company stock worth $450,300 over the last 90 days. 17.12% of the stock is owned by insiders.

Institutional Trading of AmpliTech Group

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of AmpliTech Group during the 3rd quarter worth approximately $57,000. Millennium Management LLC acquired a new position in shares of AmpliTech Group in the 3rd quarter valued at $73,000. Engineers Gate Manager LP acquired a new position in shares of AmpliTech Group in the 4th quarter valued at $62,000. Legato Capital Management LLC increased its holdings in shares of AmpliTech Group by 26.8% in the 4th 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 period. Finally, Squarepoint Ops LLC increased its holdings in shares of AmpliTech Group by 54.3% in the 3rd 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 period. Hedge funds and other institutional investors own 10.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMPG. Maxim Group decreased their price target on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Wall Street Zen upgraded shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, AmpliTech Group currently has a consensus rating of “Hold” and an average price target of $7.00.

AmpliTech Group Trading Down 2.1%

Shares of NASDAQ:AMPG opened at $8.49 on Friday. The company has a market capitalization of $215.14 million, a PE ratio of -27.39 and a beta of -0.18. AmpliTech Group has a twelve month low of $1.64 and a twelve month high of $9.30. The firm has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $3.18.

AmpliTech Group (NASDAQ:AMPG) last issued its quarterly earnings data 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). The company had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.

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.