In concluding the weekend session, AmpliTech Group Inc. (NASDAQ: AMPG) ended the day trading up 10% at $10.78 and achieved an intraday high of $11.00. In addition, AmpliTech Group stock recorded a $9.57 intraday low during Friday’s trading session.
In the past 30 trading days, the average trading volume of AMPG stock has been 455.62K, but on Friday it achieved 121.71% more volume in trading 1.01 million shares. Since there is no direct news for the day, a few developments earlier in the month are likely to be pushing the AMPG stock up.
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Recent developments:
AmpliTech Group designs develop and manufacture high-performance RF components for the SATCOM, military telecommunications, and Space markets. Designs are currently offered up to 50 kHz – in future offerings, it could go as high as 100 GHz. In addition to consulting services, AMPG also manages any problems related to microwave components and systems.
- Sticking to its previous plans, AmpliTech Group this month announced that it has appointed Daniel Mazziota to its Board of Directors, commencing Jan 20, 2021.
- As part of its strategic corporate governance improvements associated with Nasdaq uplisting on February 17, 2021, AMPG confirmed Mr. Mazziota as the third independent director.
- Additionally, AMPG announced this month that it received over $500,000 worth of orders from a major satellite and cable TV broadcaster and Fortune 100 company.
- A leading broadcaster has ordered $190,000 of satellite communication products from AMPG-owned Specialty Microwave, a company it acquired in late 2019.
- The order will be used to add processing to satellite signals behind the antennas.
- A major defense contractor placed an order for $366,000 for high-quality, low noise amplifiers from AMPG in support of the METIS program the same day.
- In early March, AMPG announced the development of its Space Qualified Ultra-Low-Noise Amplifiers for microsatellites in Lower-Earth and Middle-Earth orbits.
- Over 4,000 satellites have already been launched, or plan to be launched, in the near future by companies such as Telesat, Amazon, SpaceX, through the constellations of satellites.
Conclusion:
It is likely that these accelerated accomplishments are likely to lead to further growth for the AmpliTech Group (AMPG) in the time to come.
