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

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

AmpliTech Group Stock Performance

Shares of NASDAQ:AMPG opened at $0.85 on Monday. AmpliTech Group has a 1 year low of $0.64 and a 1 year high of $2.55. The stock has a 50-day simple moving average of $0.96 and a 200-day simple moving average of $1.45. The stock has a market capitalization of $8.23 million, a P/E ratio of -1.26 and a beta of 0.53.

AmpliTech Group (NASDAQ:AMPG) last issued its earnings results on Wednesday, August 14th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). AmpliTech Group had a negative net margin of 62.54% and a negative return on equity of 31.64%. The business had revenue of $2.53 million during the quarter.

Institutional Investors Weigh In On AmpliTech Group

A hedge fund recently raised its stake in AmpliTech Group stock. AMH Equity Ltd grew its holdings in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) by 12.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 117,250 shares of the company’s stock after acquiring an additional 12,841 shares during the quarter. AMH Equity Ltd owned about 1.21% of AmpliTech Group worth $217,000 as of its most recent SEC filing. Institutional investors own 10.99% of the company’s stock.

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.