PFG Investments LLC Invests $50,000 in AmpliTech Group, Inc. (NASDAQ:AMPG)

PFG Investments LLC bought a new position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) in the 1st quarter, Holdings Channel.com reports. The firm bought 32,175 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of AmpliTech Group by 703.7% in the fourth quarter. Jane Street Group LLC now owns 124,406 shares of the company’s stock valued at $639,000 after purchasing an additional 108,927 shares in the last quarter. Virtu Financial LLC bought a new position in AmpliTech Group during the fourth quarter valued at $99,000. Finally, Geode Capital Management LLC lifted its position in AmpliTech Group by 17.4% during the fourth quarter. Geode Capital Management LLC now owns 85,911 shares of the company’s stock valued at $442,000 after purchasing an additional 12,708 shares during the last quarter. 10.99% of the stock is owned by hedge funds and other institutional investors.

AmpliTech Group Trading Up 4.0%

Shares of NASDAQ:AMPG opened at $2.09 on Friday. The company has a market capitalization of $42.99 million, a price-to-earnings ratio of -3.03 and a beta of -1.02. AmpliTech Group, Inc. has a 12 month low of $0.64 and a 12 month high of $6.43. The firm’s 50-day moving average is $2.01 and its 200 day moving average is $2.10.

AmpliTech Group (NASDAQ:AMPG) last released its earnings results on Thursday, May 15th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). AmpliTech Group had a negative net margin of 77.94% and a negative return on equity of 29.49%. The business had revenue of $3.60 million for the quarter, compared to the consensus estimate of $3.50 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

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.