AmpliTech Group Inc (NASDAQ:AMPG) shares are trading lower by 23.8% to $2.09 during Tuesday's session after the company announced the pricing of a $3.1 million registered direct offering of 1,516,680 shares at $2.10 per share.
The offering is expected to generate approximately $3.1 million in gross proceeds before expenses, with the transaction set to close by December 18, pending standard conditions.
Maxim Group LLC is the exclusive placement agent for the deal.
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Should I Sell My AMPG Stock?
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of AmpliTech have increased by 25.0% in the past year. An investor who bought shares of AmpliTech Gr at the beginning of the year would make a profit of $0.28 per share if they sold it today. The stock has risen 164.71% over the past month, meaning an investor who bought shares on Nov. 1 would see a capital gain of $1.26.
AmpliTech Gr shares have an all-time high of $4.14, representing 84.0% upside from current levels.
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AMPG has a 52-week high of $3.20 and a 52-week low of $0.64.
