AIGH Capital Management LLC Purchases New Position in AmpliTech Group, Inc. (NASDAQ:AMPG)

AIGH Capital Management LLC acquired a new position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 905,453 shares of the company's stock, valued at approximately $1,403,000. AIGH Capital Management LLC owned approximately 4.61% of AmpliTech Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of AmpliTech Group in the fourth quarter worth approximately $99,000. PFG Investments LLC bought a new position in AmpliTech Group during the first quarter valued at approximately $50,000. Asset Management One Co. Ltd. bought a new position in AmpliTech Group in the first quarter worth approximately $102,000. Geode Capital Management LLC raised its position in AmpliTech Group by 17.4% in 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 during the period. Finally, Jane Street Group LLC raised its position in AmpliTech Group by 703.7% in the fourth quarter. Jane Street Group LLC now owns 124,406 shares of the company's stock worth $639,000 after acquiring an additional 108,927 shares during the period. Institutional investors own 10.99% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of AmpliTech Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

AmpliTech Group Stock Performance

Shares of NASDAQ:AMPG traded down $0.10 on Tuesday, reaching $2.84. The company's stock had a trading volume of 175,188 shares, compared to its average volume of 2,227,656. AmpliTech Group, Inc. has a 52-week low of $0.64 and a 52-week high of $6.43. The company has a 50-day simple moving average of $2.21 and a 200 day simple moving average of $1.96. The company has a market cap of $58.33 million, a P/E ratio of -4.11 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 for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). AmpliTech Group had a negative net margin of 77.94% and a negative return on equity of 29.49%. The company had revenue of $3.60 million for the quarter, compared to the consensus estimate of $3.50 million.

AmpliTech Group Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.