Renaissance Technologies LLC Lowers Stock Holdings in AmpliTech Group, Inc. (NASDAQ:AMPG)

Renaissance Technologies LLC lowered its stake in AmpliTech Group, Inc. (NASDAQ:AMPG) by 49.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,600 shares of the company’s stock after selling 11,347 shares during the period. Renaissance Technologies LLC owned about 0.07% of AmpliTech Group worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Virtu Financial LLC purchased a new stake in AmpliTech Group in the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

AmpliTech Group Stock Performance

NASDAQ:AMPG opened at $1.73 on Thursday. AmpliTech Group, Inc. has a 1-year low of $0.64 and a 1-year high of $6.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98. The firm’s fifty day moving average price is $1.60 and its 200 day moving average price is $1.82. The firm has a market cap of $34.01 million, a price-to-earnings ratio of -2.14 and a beta of -1.11.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings results on Tuesday, April 1st. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The firm had revenue of $1.85 million during the quarter, compared to analyst estimates of $3.00 million. AmpliTech Group had a negative return on equity of 35.34% and a negative net margin of 68.09%.

AmpliTech Group Company Profile

AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company’s products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.