AmpliTech Group, Inc. (NASDAQ:AMPG) Short Interest Down 24.1% in October

AmpliTech Group, Inc. (NASDAQ:AMPG) was the recipient of a large decline in short interest in 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 trading volume of 49,500 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AmpliTech Group stock. Bard Associates Inc. boosted its stake in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,989,414 shares of the company’s stock after acquiring an additional 1,569,794 shares during the period. Bard Associates Inc. owned 17.94% of AmpliTech Group worth $1,552,000 at the end of the most recent quarter. Institutional investors own 10.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

AmpliTech Group Price Performance

Shares of AMPG stock opened at $0.87 on Thursday. The company has a market capitalization of $9.65 million, a price-to-earnings ratio of -1.08 and a beta of 0.46. The company’s fifty day moving average price is $0.87 and its 200-day moving average price is $1.12. AmpliTech Group has a one year low of $0.64 and a one year high of $2.55.

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%.

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.