Insider Selling: AmpliTech Group (NASDAQ:AMPG) Director Sells $49,500.00 in Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 10,000 shares of the company’s stock in a transaction 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 directly owned 254,900 shares in the company, valued at $1,261,755. This trade represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AmpliTech Group Stock Down 3.3%

Shares of AmpliTech Group stock opened at $4.73 on Friday. The stock’s fifty day moving average is $2.63 and its two-hundred day moving average is $2.92. The company has a market capitalization of $119.86 million, a PE ratio of -15.26 and a beta of -0.57. AmpliTech Group, Inc. has a 52 week low of $1.64 and a 52 week high of $5.65.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $5.35 million during the quarter, compared to the consensus estimate of $5.00 million. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%.

Hedge Funds Weigh In On AmpliTech Group

Several institutional investors have recently made changes to their positions in AMPG. Virtu Financial LLC bought a new position in shares of AmpliTech Group during the third quarter valued at approximately $57,000. Bryn Mawr Trust Advisors LLC boosted its stake in shares of AmpliTech Group by 37.1% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after purchasing an additional 4,000 shares in the last quarter. Legato Capital Management LLC boosted its stake in shares of AmpliTech Group by 26.8% during the fourth quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after purchasing an additional 4,376 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of AmpliTech Group during the fourth quarter valued at approximately $62,000. Finally, Millennium Management LLC bought a new position in shares of AmpliTech Group during the third quarter valued at approximately $73,000. Hedge funds and other institutional investors own 10.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMPG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Maxim Group reduced their price objective on 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 downgraded AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AmpliTech Group presently has a consensus rating of “Hold” and an average target price 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.