AmpliTech Group (NASDAQ:AMPG) Price Target Lowered to $5.00 at Maxim Group

AmpliTech Group (NASDAQ:AMPG) had its target price trimmed by Maxim Group from $6.00 to $5.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

AmpliTech Group Trading Down 2.6 %

AMPG opened at $0.82 on Monday. AmpliTech Group has a 12-month low of $0.64 and a 12-month high of $2.55. The firm has a 50 day moving average of $0.97 and a two-hundred day moving average of $1.46. The firm has a market capitalization of $7.95 million, a PE ratio of -1.22 and a beta of 0.53.

AmpliTech Group (NASDAQ:AMPG) last released 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 business had revenue of $2.53 million during the quarter. AmpliTech Group had a negative return on equity of 31.64% and a negative net margin of 62.54%.

Institutional Trading of AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. raised its stake in AmpliTech Group, Inc. (NASDAQ:AMPG) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 359,113 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Bard Associates Inc. owned approximately 3.71% of AmpliTech Group worth $675,000 at the end of the most recent reporting period. 10.99% of the stock is currently owned by institutional investors.

About AmpliTech Group

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.