AmpliTech Group (NASDAQ:AMPG) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

AmpliTech Group (NASDAQ:AMPG) issued its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01), FiscalAI reports. AmpliTech Group had a negative net margin of 27.81% and a negative return on equity of 19.98%. The business had revenue of $5.35 million for the quarter, compared to analysts’ expectations of $5.00 million.

AmpliTech Group Stock Performance

Shares of NASDAQ:AMPG traded down $0.21 during midday trading on Wednesday, reaching $2.48. 1,645,497 shares of the company’s stock traded hands, compared to its average volume of 711,501. AmpliTech Group has a one year low of $1.64 and a one year high of $4.89. The company has a market cap of $62.82 million, a price-to-earnings ratio of -7.29 and a beta of -0.57. The stock has a 50 day moving average of $2.26 and a 200 day moving average of $2.85.

Institutional Trading of AmpliTech Group

Several large investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in AmpliTech Group during the third quarter valued at $57,000. Millennium Management LLC bought a new position in shares of AmpliTech Group in the third quarter worth approximately $73,000. Engineers Gate Manager LP purchased a new stake in shares of AmpliTech Group in the fourth quarter worth $62,000. Squarepoint Ops LLC increased its stake in shares of AmpliTech Group by 54.3% in the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock worth $87,000 after purchasing an additional 7,837 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of AmpliTech Group by 45.7% during the 3rd quarter. Two Sigma Investments LP now owns 30,531 shares of the company’s stock valued at $119,000 after purchasing an additional 9,570 shares during the period. Institutional investors own 10.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Maxim Group decreased their target price on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.00.

About AmpliTech Group

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.