AmpliTech Group (NASDAQ:AMPG) Downgraded to Sell Rating by Wall Street Zen

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

AMPG has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Wednesday, January 21st. 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 report on Monday, March 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, AmpliTech Group has an average rating of “Hold” and a consensus price target of $7.00.

AmpliTech Group Stock Performance

Shares of NASDAQ AMPG opened at $1.93 on Friday. The stock has a 50 day moving average of $2.68 and a two-hundred day moving average of $3.22. AmpliTech Group has a twelve month low of $1.21 and a twelve month high of $4.89. The stock has a market cap of $48.89 million, a P/E ratio of -5.68 and a beta of -0.78.

AmpliTech Group (NASDAQ:AMPG) last released its quarterly earnings results 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 firm had revenue of $4.48 million during the quarter, compared to analyst estimates of $4.30 million. AmpliTech Group had a negative return on equity of 19.98% and a negative net margin of 27.81%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMPG. Creek Drive Management Group LLC purchased a new position in AmpliTech Group in the 4th quarter valued at about $1,196,000. Geode Capital Management LLC lifted its stake in shares of AmpliTech Group by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock valued at $582,000 after buying an additional 7,874 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in AmpliTech Group during the third quarter worth approximately $752,000. Corsair Capital Management L.P. grew its stake in 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 acquiring an additional 71,722 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in AmpliTech Group in the 4th quarter valued at $473,000. Institutional investors and hedge funds 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.