AmpliTech Group (NASDAQ:AMPG) Shares Down 2.6%

AmpliTech Group, Inc. (NASDAQ:AMPG) dropped 2.6% during trading on Tuesday . The stock traded as low as $2.22 and last traded at $2.27. Approximately 10,598 shares traded hands during trading, a decline of 54% from the average daily volume of 22,894 shares. The stock had previously closed at $2.33.

AmpliTech Group Stock Down 2.6 %

The business has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $1.90. The company has a market capitalization of $22.06 million, a price-to-earnings ratio of -9.08 and a beta of 0.96.

Institutional Trading of AmpliTech Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Worth Venture Partners LLC acquired a new position in shares of AmpliTech Group during the first quarter valued at about $87,000. Millennium Management LLC acquired a new position in AmpliTech Group during the 2nd quarter valued at about $35,000. Dimensional Fund Advisors LP bought a new stake in AmpliTech Group during the 4th quarter worth approximately $29,000. Two Sigma Securities LLC purchased a new stake in shares of AmpliTech Group in the first quarter worth approximately $50,000. Finally, Jane Street Group LLC bought a new position in shares of AmpliTech Group in the first quarter valued at approximately $34,000. Institutional investors own 10.99% of the company’s stock.

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.