Short Interest in AmpliTech Group, Inc. (NASDAQ:AMPG) Decreases By 24.1%

by · The Cerbat Gem

AmpliTech Group, Inc. (NASDAQ:AMPG – Get Free Report) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 53,300 shares, a decline of 24.1% from the October 15th total of 70,200 shares. Based on an average daily volume of 49,500 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.7% of the company’s shares are sold short.

AmpliTech Group Stock Performance

NASDAQ:AMPG traded down $0.02 during mid-day trading on Friday, reaching $0.88. The stock had a trading volume of 87,709 shares, compared to its average volume of 39,046. The firm has a market capitalization of $9.77 million, a price-to-earnings ratio of -1.15 and a beta of 0.46. The business has a 50 day simple moving average of $0.87 and a 200 day simple moving average of $1.12. AmpliTech Group has a twelve month low of $0.64 and a twelve month high of $2.55.

AmpliTech Group (NASDAQ:AMPG – Get Free Report) 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). AmpliTech Group had a negative return on equity of 31.64% and a negative net margin of 62.54%. The business had revenue of $2.53 million for the quarter.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on AmpliTech Group

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. increased its position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG – Free Report) by 374.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,989,414 shares of the company’s stock after purchasing an additional 1,569,794 shares during the quarter. Bard Associates Inc. owned 17.94% of AmpliTech Group worth $1,552,000 at the end of the most recent reporting period. 10.99% of the stock is currently owned by institutional investors.

About AmpliTech Group

(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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