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

AmpliTech Group, Inc. (NASDAQ:AMPG) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,014,281 shares, a growth of 18.7% from the February 26th total of 854,724 shares. Based on an average daily volume of 381,665 shares, the short-interest ratio is currently 2.7 days. Currently, 5.3% of the shares of the stock are short sold.

AmpliTech Group Stock Performance

Shares of AmpliTech Group stock opened at $1.76 on Tuesday. The stock has a market cap of $44.58 million, a price-to-earnings ratio of -5.18 and a beta of -0.93. The stock has a 50 day moving average price of $2.84 and a 200-day moving average price of $3.27. AmpliTech Group has a one year low of $1.21 and a one year high of $4.89.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings results on Thursday, March 26th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $4.48 million for the quarter, compared to analysts’ expectations of $4.30 million. AmpliTech Group had a negative net margin of 27.81% and a negative return on equity of 19.98%.

Analyst Ratings Changes

Several equities analysts have commented on AMPG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Wednesday, January 21st. Maxim Group decreased their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.00.

Institutional Investors Weigh In On AmpliTech Group

Several institutional investors have recently made changes to their positions in AMPG. Creek Drive Management Group LLC purchased a new position in shares of AmpliTech Group during the 4th quarter worth about $1,196,000. Integrated Wealth Concepts LLC bought a new stake in AmpliTech Group in the third quarter worth about $752,000. Renaissance Technologies LLC purchased a new position in shares of AmpliTech Group during the fourth quarter valued at approximately $473,000. Pekin Hardy Strauss Inc. bought a new position in shares of AmpliTech Group during the third quarter valued at approximately $281,000. Finally, Corsair Capital Management L.P. grew its stake in shares of AmpliTech Group by 71.7% during the fourth quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock valued at $513,000 after buying an additional 71,722 shares during the last quarter. Institutional investors own 10.99% of the company’s stock.

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.