Wall Street Zen Downgrades AmpliTech Group (NASDAQ:AMPG) to Sell

AmpliTech Group (NASDAQ:AMPG) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

AMPG has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a report on Wednesday, January 21st. Maxim Group dropped their price objective on shares of 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 analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.00.

AmpliTech Group Stock Performance

Shares of NASDAQ AMPG opened at $1.93 on Friday. The stock has a fifty day moving average price of $2.68 and a 200 day moving average price of $3.21. AmpliTech Group has a 12-month low of $1.21 and a 12-month high of $4.89. The company has a market cap of $48.89 million, a P/E ratio of -5.68 and a beta of -0.78.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMPG. Thompson Davis & CO. Inc. increased its holdings in AmpliTech Group by 9.4% during the 4th quarter. Thompson Davis & CO. Inc. now owns 32,266 shares of the company’s stock worth $96,000 after purchasing an additional 2,778 shares during the last quarter. Bryn Mawr Trust Advisors LLC grew its position 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 worth $57,000 after buying an additional 4,000 shares in the last quarter. Legato Capital Management LLC raised its holdings in 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 in the last quarter. Virtu Financial LLC boosted its stake in AmpliTech Group by 32.3% during the 4th quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock valued at $58,000 after acquiring an additional 4,762 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after acquiring an additional 4,811 shares during the last quarter. Hedge funds and other 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.