AmpliTech Group (NASDAQ:AMPG) Upgraded to “Hold” at Wall Street Zen

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

AMPG has been the subject of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a report on Wednesday, January 21st. Maxim Group dropped their price objective on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, AmpliTech Group has an average rating of “Hold” and an average price target of $7.00.

AmpliTech Group Stock Performance

Shares of AMPG opened at $1.84 on Friday. The firm has a market cap of $46.61 million, a PE ratio of -5.41 and a beta of -0.78. AmpliTech Group has a twelve month low of $1.22 and a twelve month high of $4.89. The firm’s 50 day moving average price is $2.54 and its 200 day moving average price is $3.13.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data 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 firm had revenue of $4.48 million for the quarter, compared to the consensus estimate of $4.30 million. AmpliTech Group had a negative return on equity of 19.98% and a negative net margin of 27.81%.

Institutional Trading of AmpliTech Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of AmpliTech Group in the 3rd quarter valued at about $57,000. Bryn Mawr Trust Advisors LLC increased its stake in shares of AmpliTech Group by 37.1% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company’s stock valued at $57,000 after acquiring an additional 4,000 shares during the last quarter. Legato Capital Management LLC increased its stake in shares of AmpliTech Group by 26.8% in the 4th 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 during the last quarter. Engineers Gate Manager LP bought a new stake in shares of AmpliTech Group in the 4th quarter valued at about $62,000. Finally, Millennium Management LLC bought a new stake in shares of AmpliTech Group in the 3rd quarter valued at about $73,000. 10.99% of the stock is owned by institutional investors.

AmpliTech Group Company Profile

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.