AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Update

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 32,000 shares, a decline of 39.8% from the September 15th total of 53,200 shares. Based on an average daily trading volume, of 45,300 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Trading of AmpliTech Group

An institutional investor recently raised its position in AmpliTech Group stock. AMH Equity Ltd lifted its holdings in AmpliTech Group, Inc. (NASDAQ:AMPG) by 12.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,250 shares of the company’s stock after purchasing an additional 12,841 shares during the period. AMH Equity Ltd owned approximately 1.21% of AmpliTech Group worth $217,000 at the end of the most recent reporting period. 10.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group lowered their target price on shares of AmpliTech Group from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, September 16th.

AmpliTech Group Stock Performance

AmpliTech Group stock opened at $0.80 on Friday. The company has a market capitalization of $7.78 million, a PE ratio of -1.03 and a beta of 0.53. AmpliTech Group has a fifty-two week low of $0.64 and a fifty-two week high of $2.55. The firm has a 50 day moving average price of $0.84 and a 200 day moving average price of $1.33.

AmpliTech Group (NASDAQ:AMPG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The firm had revenue of $2.53 million during the quarter. AmpliTech Group had a negative net margin of 62.54% and a negative return on equity of 31.64%.

AmpliTech Group Company 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.