AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report)'s share price dropped 3.6% during trading on Wednesday . The stock traded as low as $2.61 and last traded at $2.69. Approximately 360,150 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 2,238,624 shares. The stock had previously closed at $2.79.
Analyst Ratings Changes
Separately, Wall Street Zen raised AmpliTech Group from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Research Report on AMPG
AmpliTech Group Price Performance
The company has a fifty day moving average of $2.29 and a 200-day moving average of $1.96. The firm has a market capitalization of $63.15 million, a PE ratio of -4.45 and a beta of -1.03.
AmpliTech Group (NASDAQ:AMPG - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). AmpliTech Group had a negative return on equity of 29.49% and a negative net margin of 77.94%. The firm had revenue of $3.60 million for the quarter, compared to analysts' expectations of $3.50 million.
Institutional Trading of AmpliTech Group
Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of AmpliTech Group by 17.4% during the fourth quarter. Geode Capital Management LLC now owns 85,911 shares of the company's stock worth $442,000 after acquiring an additional 12,708 shares in the last quarter. Virtu Financial LLC bought a new position in AmpliTech Group during the fourth quarter valued at about $99,000. Thompson Davis & CO. Inc. bought a new position in AmpliTech Group during the first quarter valued at about $34,000. PFG Investments LLC bought a new position in AmpliTech Group during the first quarter valued at about $50,000. Finally, Essex Investment Management Co. LLC bought a new position in AmpliTech Group during the first quarter valued at about $91,000. 10.99% of the stock is currently owned by hedge funds and other institutional investors.
AmpliTech Group Company Profile
(
Get Free Report)
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.
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