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Were There Any Motivations Behind The 10% Share Price Increase For AmpliTech Group (AMPG) On Friday?

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.

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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.

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.

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