AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 49.8% in July

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a large 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. Based on an average daily trading volume, of 2,122,301 shares, the short-interest ratio is presently 1.6 days. Currently, 15.8% of the company’s stock are sold short.

Insider Activity at AmpliTech Group

In other AmpliTech Group news, Director Daniel Richard Mazziota sold 10,000 shares of the 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 completion of the sale, the director directly owned 254,900 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Louisa Sanfratello sold 50,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.80, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer owned 60,000 shares of the company’s stock, valued at approximately $288,000. This trade represents a 45.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 107,157 shares of company stock valued at $587,948 in the last ninety days. Corporate insiders own 17.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in AmpliTech Group by 3.0% during the second quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after purchasing an additional 4,811 shares during the period. Dimensional Fund Advisors LP grew its position in AmpliTech Group by 62.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company’s stock worth $245,000 after purchasing an additional 24,302 shares during the period. Squarepoint Ops LLC grew 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 during the period. Two Sigma Investments LP raised its stake in shares of AmpliTech Group by 45.7% during the 3rd quarter. Two Sigma Investments LP now owns 30,531 shares of the company’s stock valued at $119,000 after buying an additional 9,570 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of AmpliTech Group in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Stock Performance

Shares of AMPG stock opened at $3.70 on Tuesday. The stock’s 50-day simple moving average is $6.48 and its 200-day simple moving average is $4.16. The firm has a market capitalization of $93.75 million, a PE ratio of -10.88 and a beta of -0.20. AmpliTech Group has a fifty-two week low of $1.64 and a fifty-two week high of $10.11.

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

Wall Street Analyst Weigh In

AMPG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research report on Friday, July 17th. Wall Street Zen upgraded shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.