We first began covering AMPG at the beginning of April. In the five weeks since then, the stock has made some solid progress on the chart, trading up from a low of .043, to its new high, just reached this week at .055. That’s a solid 28% increase, with no significant pullbacks along the way.
Our interest in the potential of AMPG was obviously justified, but we’re just getting started and we’re as excited as ever. As we’ve mentioned before, Amplitech is in the business of high-end signal amplification technologies with a veritable myriad of applications in a world which is becoming increasingly reliant upon wireless technology.
The transition has already begun- 5G is soon to be the gold standard in wireless communications, and AMPG is among the best OTC stocks we’ve run across to invest in the domestic 5G phenomenon. All of AMPG’s technology is Made in the USA.
With no toxic or long-term debt, and a float of just over 22M shares, AMPG is attractive to traders and longer-term investors alike. With a market cap of just $2.65M along with a pipeline of military-grade RF products and more in development, it’s also safe to say that AMPG is grossly undervalued. The company isn’t just resting on its laurels, either. AMPG recently added a highly experienced investment professional to act as an independent member of the board, chairing several special committees, and free up the CEO to more closely manage the company’s extreme growth potential and execution of strategy.
CEO Fawad Maqbool stated: “I am thrilled to have a seasoned investment banker, entrepreneur and investor such as Wayne committing his time and energy to our emerging company. He should be invaluable to me in this next phase of our growth as it will allow me to better focus on our products, our customers and the opportunities that are emerging in the industries that we currently serve (custom and standard amplifiers for radar, missile systems, drones and many microwave communications systems), and will seek to serve in the future (innovative power and cryogenic amplifiers for 4G/5G wireless base stations, Wi-Fi for airlines, military jamming, quantum computing, internet of things, cyber security, life sciences and others).” (>>View Full PR)
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