AmpliTech Group, Inc. (NASDAQ:AMPG) Shares Acquired by Bard Associates Inc.

Bard Associates Inc. lifted its stake in AmpliTech Group, Inc. (NASDAQ:AMPG) by 374.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,989,414 shares of the company’s stock after purchasing an additional 1,569,794 shares during the period. Bard Associates Inc. owned approximately 17.94% of AmpliTech Group worth $1,552,000 as of its most recent SEC filing.

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 Stock Performance

NASDAQ:AMPG opened at $0.90 on Friday. The firm has a 50-day moving average price of $0.87 and a two-hundred day moving average price of $1.12. AmpliTech Group, Inc. has a twelve month low of $0.64 and a twelve month 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). AmpliTech Group had a negative net margin of 62.54% and a negative return on equity of 31.64%. The company had revenue of $2.53 million during the quarter.

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.