AmpliTech Group (NASDAQ:AMPG) Posts Earnings Results, Misses Estimates By $0.07 EPS

AmpliTech Group (NASDAQ:AMPG) announced its earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07), FiscalAI reports. AmpliTech Group had a negative net margin of 33.77% and a negative return on equity of 21.04%. The business had revenue of $4.48 million for the quarter, compared to analysts’ expectations of $4.30 million.

AmpliTech Group Trading Down 3.3%

AMPG stock traded down $0.09 during mid-day trading on Thursday, reaching $2.65. The company’s stock had a trading volume of 503,906 shares, compared to its average volume of 718,034. The company’s 50 day moving average is $2.93 and its two-hundred day moving average is $3.31. AmpliTech Group has a fifty-two week low of $1.21 and a fifty-two week high of $4.89. The stock has a market cap of $60.82 million, a PE ratio of -5.20 and a beta of -0.93.

Institutional Investors Weigh In On AmpliTech Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in AmpliTech Group during the third quarter worth approximately $57,000. Engineers Gate Manager LP purchased a new stake in AmpliTech Group in the 4th quarter valued at $62,000. Millennium Management LLC acquired a new stake in shares of AmpliTech Group in the 3rd quarter worth $73,000. Squarepoint Ops LLC increased its stake in shares of AmpliTech Group by 54.3% in the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after acquiring an additional 7,837 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of AmpliTech Group during the 4th quarter worth $101,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.