AmpliTech Group Target of Unusually Large Options Trading (NASDAQ:AMPG)

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of unusually large options trading activity on Tuesday. Traders bought 8,062 call options on the stock. This is an increase of 848% compared to the typical volume of 850 call options.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMPG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Maxim Group dropped their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Wall Street Zen cut shares of AmpliTech Group from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AmpliTech Group currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Hedge Funds Weigh In On AmpliTech Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of AmpliTech Group during the 3rd quarter worth approximately $57,000. Bryn Mawr Trust Advisors LLC lifted its position in shares of AmpliTech Group by 37.1% during the 3rd 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 during the period. Millennium Management LLC acquired a new stake in AmpliTech Group during the 3rd quarter valued at $73,000. Engineers Gate Manager LP acquired a new stake in AmpliTech Group during the 4th quarter valued at $62,000. Finally, Legato Capital Management LLC increased its holdings in AmpliTech Group by 26.8% during the 4th 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. Institutional investors own 10.99% of the company’s stock.

AmpliTech Group Stock Down 4.9%

Shares of AMPG stock traded down $0.18 during mid-day trading on Tuesday, reaching $3.52. The stock had a trading volume of 2,304,225 shares, compared to its average volume of 838,598. The firm’s 50 day simple moving average is $2.28 and its 200 day simple moving average is $2.83. AmpliTech Group has a one year low of $1.64 and a one year high of $4.89. The firm has a market cap of $89.12 million, a PE ratio of -11.23 and a beta of -0.57.

AmpliTech Group (NASDAQ:AMPG) last posted its earnings results on Wednesday, May 13th. The company reported ($0.06) EPS 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 the consensus estimate 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.