AmpliTech Group, Inc. (NASDAQ:AMPG – Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 896,400 shares, a decline of 60.9% from the December 15th total of 2,290,000 shares. Approximately 6.0% of the company’s shares are short sold. Based on an average trading volume of 7,500,000 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On AmpliTech Group
An institutional investor recently raised its position in AmpliTech Group stock. Bard Associates Inc. raised its position in AmpliTech Group, Inc. (NASDAQ:AMPG – Free Report) by 374.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,989,414 shares of the company’s stock after acquiring 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 quarter. Institutional investors and hedge funds own 10.99% of the company’s stock.
Analysts Set New Price Targets
Separately, Maxim Group reduced 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 Trading Down 24.6 %
NASDAQ:AMPG opened at $1.81 on Tuesday. The business’s 50-day moving average is $2.07 and its two-hundred day moving average is $1.34. The firm has a market capitalization of $31.64 million, a PE ratio of -2.23 and a beta of -1.17. AmpliTech Group has a 12 month low of $0.64 and a 12 month high of $6.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98.
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.
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