AmpliTech Group (NASDAQ:AMPG) Trading Up 7.3% - Still a Buy?

Key Points

• Shares jumped 7.3% intraday to about $2.20 on Monday with volume surging 134% to roughly 1.01 million shares, signaling heightened market interest versus a prior close of $2.05.
• Analyst sentiment is mixed: Maxim Group maintains a "buy" with a lowered $7 target, Weiss Ratings reaffirmed a "sell (d-)", Wall Street Zen moved to "hold", and the consensus rating is "Hold" with an average target of $7.
• Fundamentals remain weak—AmpliTech is a small-cap (~$55.7M) and unprofitable company that reported Q1 EPS of ($0.15) vs. ($0.07) expected, with a negative net margin (~27.8%) and negative ROE.

AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) shares traded up 7.3% on Monday . The stock traded as high as $2.26 and last traded at $2.20. 1,013,479 shares changed hands during mid-day trading, an increase of 134% from the average session volume of 432,826 shares. The stock had previously closed at $2.05.

Analysts Set New Price Targets

AMPG has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AmpliTech Group in a research note on Monday, April 20th. Wall Street Zen upgraded shares of AmpliTech Group from a "sell" rating to a "hold" rating in a report on Sunday, April 12th. Finally, Maxim Group decreased their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a "buy" rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AmpliTech Group has an average rating of "Hold" and an average target price of $7.00.

AmpliTech Group Stock Performance

The stock has a market cap of $55.73 million, a PE ratio of -6.47 and a beta of -0.57. The stock has a fifty day moving average price of $2.29 and a 200 day moving average price of $2.90.

AmpliTech Group (NASDAQ:AMPG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $4.48 million for the quarter, compared to analysts' expectations 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

Several institutional investors have recently made changes to their positions in AMPG. Geode Capital Management LLC boosted its stake in shares of AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company's stock worth $355,000 after purchasing an additional 4,811 shares during the period. Bryn Mawr Trust Advisors LLC raised its position in AmpliTech Group by 37.1% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company's stock worth $57,000 after purchasing an additional 4,000 shares during the period. Pekin Hardy Strauss Inc. bought a new stake in AmpliTech Group in the third quarter worth about $281,000. Dimensional Fund Advisors LP lifted its stake in AmpliTech Group by 62.7% in the third quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company's stock worth $245,000 after purchasing an additional 24,302 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of AmpliTech Group by 54.3% during the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company's stock valued at $87,000 after buying an additional 7,837 shares during the period. Institutional investors own 10.99% of the company's stock.

About AmpliTech Group

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.

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