AmpliTech Group (NASDAQ:AMPG) Releases Earnings Results

AmpliTech Group (NASDAQ:AMPG) announced its quarterly earnings data on Thursday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.19), FiscalAI reports. The company had revenue of $6.58 million for the quarter, compared to analyst estimates of $14.00 million. AmpliTech Group had a negative return on equity of 19.55% and a negative net margin of 33.37%.

AmpliTech Group Trading Down 7.8%

NASDAQ AMPG traded down $0.20 during trading hours on Thursday, hitting $2.35. The company’s stock had a trading volume of 796,148 shares, compared to its average volume of 2,038,028. The company has a market capitalization of $70.81 million, a PE ratio of -6.91 and a beta of -0.22. AmpliTech Group has a 52 week low of $1.64 and a 52 week high of $10.11. The company’s 50-day simple moving average is $2.94 and its two-hundred day simple moving average is $3.79.

Analysts Set New Price Targets

AMPG has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research note on Thursday, October 15th. Wall Street Zen downgraded shares of AmpliTech Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.00.

About AmpliTech Group

AmpliTech Group, Inc. (NASDAQ: AMPG) designs and manufactures radio-frequency (RF) and microwave components, subsystems, and related technologies. Its product portfolio includes low-noise amplifiers, power amplifiers, filters, antennas, and integrated RF solutions used to support high-frequency communications and signal-processing applications. The company serves markets including satellite communications, telecommunications, aerospace and defense, commercial wireless infrastructure, and emerging technologies such as 5G and quantum computing.