Renaissance Technologies LLC Lowers Stock Position in AmpliTech Group, Inc. (NASDAQ:AMPG)

Renaissance Technologies LLC lowered its position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 40.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,200 shares of the company’s stock after selling 23,600 shares during the quarter. Renaissance Technologies LLC owned about 0.35% of AmpliTech Group worth $36,000 at the end of the most recent quarter.

Separately, AMH Equity Ltd raised its position in shares of AmpliTech Group by 12.3% in the 1st quarter. AMH Equity Ltd now owns 117,250 shares of the company’s stock worth $217,000 after purchasing an additional 12,841 shares during the last quarter. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Stock Up 9.6 %

AmpliTech Group stock opened at $0.88 on Tuesday. The business has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $1.32. The company has a market cap of $8.52 million, a P/E ratio of -1.31 and a beta of 0.53. AmpliTech Group, Inc. has a 52-week low of $0.64 and a 52-week high of $2.55.

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

Wall Street Analysts Forecast Growth

Separately, Maxim Group reduced their price objective on AmpliTech Group from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, September 16th.

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.