AmpliTech Group (NASDAQ:AMPG – Get Free Report) posted 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. AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%. The firm had revenue of $6.58 million during the quarter, compared to analysts’ expectations of $14.00 million.
AmpliTech Group Stock Down 7.8%
AMPG traded down $0.20 during trading on Thursday, reaching $2.35. 796,148 shares of the company were exchanged, compared to its average volume of 2,038,028. The company has a market cap of $70.81 million, a price-to-earnings ratio of -6.91 and a beta of -0.22. The company’s 50-day moving average is $2.94 and its two-hundred day moving average is $3.79. AmpliTech Group has a 12-month low of $1.64 and a 12-month high of $10.11.
Analyst Upgrades and Downgrades
AMPG has been the subject of several recent analyst reports. Wall Street Zen lowered AmpliTech Group from a “hold” rating to a “strong sell” rating in a report on Saturday, August 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Thursday, October 15th. 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 presently has an average rating of “Hold” and a consensus price target of $7.00.
AmpliTech Group Company Profile
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.
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