AmpliTech Group (NASDAQ:AMPG) Price Target Lowered to $7.00 at Maxim Group

AmpliTech Group (NASDAQ:AMPG) had its price objective decreased by Maxim Group from $9.00 to $7.00 in a research report sent to investors on Monday morning,Benzinga reports. Maxim Group currently has a buy rating on the stock.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, AmpliTech Group currently has an average rating of “Hold” and an average price target of $7.00.

AmpliTech Group Stock Down 2.2%

Shares of AMPG opened at $1.76 on Monday. The business’s 50 day moving average price is $2.84 and its 200-day moving average price is $3.27. AmpliTech Group has a 52 week low of $1.21 and a 52 week high of $4.89. The stock has a market cap of $44.58 million, a P/E ratio of -5.18 and a beta of -0.93.

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

Institutional Investors Weigh In On AmpliTech Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Creek Drive Management Group LLC purchased a new position in AmpliTech Group in the 4th quarter worth approximately $1,196,000. Geode Capital Management LLC boosted its stake in AmpliTech Group by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock valued at $582,000 after purchasing an additional 7,874 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of AmpliTech Group in the 3rd quarter worth $752,000. Corsair Capital Management L.P. increased its holdings in shares of AmpliTech Group by 71.7% in the 4th quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock worth $513,000 after purchasing an additional 71,722 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of AmpliTech Group in the fourth quarter worth $473,000. Institutional investors own 10.99% of the company’s stock.

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.