AmpliTech Group (NASDAQ:AMPG) Given New $5.00 Price Target at Maxim Group

AmpliTech Group (NASDAQ:AMPG) had its target price lowered by research analysts at Maxim Group from $6.00 to $5.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock.

AmpliTech Group Price Performance

NASDAQ:AMPG opened at $0.81 on Monday. AmpliTech Group has a 1-year low of $0.64 and a 1-year high of $2.55. The company has a 50-day moving average of $0.97 and a 200 day moving average of $1.46. The firm has a market cap of $7.88 million, a PE ratio of -1.21 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The business had revenue of $2.53 million for the quarter. AmpliTech Group had a negative net margin of 62.54% and a negative return on equity of 31.64%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AmpliTech Group stock. AMH Equity Ltd increased its position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 12.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,250 shares of the company’s stock after purchasing an additional 12,841 shares during the quarter. AMH Equity Ltd owned 1.21% of AmpliTech Group worth $217,000 as of its most recent SEC filing. 10.99% of the stock is 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.