AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 17.7% in May

AmpliTech Group, Inc. (NASDAQ:AMPG) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 437,800 shares, a decline of 17.7% from the April 30th total of 532,100 shares. Based on an average daily volume of 305,600 shares, the short-interest ratio is currently 1.4 days. Approximately 2.5% of the shares of the company are short sold.

AmpliTech Group Price Performance

Shares of AmpliTech Group stock opened at $2.28 on Tuesday. The firm has a market cap of $46.91 million, a P/E ratio of -2.81 and a beta of -1.11. The firm’s 50-day simple moving average is $1.77 and its 200-day simple moving average is $1.97. AmpliTech Group has a twelve month low of $0.64 and a twelve month high of $6.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.98 and a current ratio of 4.91.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). AmpliTech Group had a negative net margin of 68.09% and a negative return on equity of 35.34%. The company had revenue of $3.60 million for the quarter, compared to analyst estimates of $3.50 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in AmpliTech Group by 17.4% during the fourth quarter. Geode Capital Management LLC now owns 85,911 shares of the company’s stock valued at $442,000 after purchasing an additional 12,708 shares during the period. Virtu Financial LLC bought a new position in shares of AmpliTech Group during the fourth quarter worth $99,000. Thompson Davis & CO. Inc. bought a new position in shares of AmpliTech Group during the first quarter worth $34,000. PFG Investments LLC acquired a new position in shares of AmpliTech Group in the 1st quarter valued at $50,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of AmpliTech Group in the 1st quarter valued at $91,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

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.