AmpliTech Group (NASDAQ:AMPG) Posts Quarterly Earnings Results

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

AmpliTech Group Stock Performance

Shares of AmpliTech Group stock opened at $2.65 on Friday. The company has a market capitalization of $60.82 million, a P/E ratio of -5.20 and a beta of -0.93. AmpliTech Group has a 1 year low of $1.21 and a 1 year high of $4.89. The company’s fifty day moving average is $2.91 and its two-hundred day moving average is $3.31.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On AmpliTech Group

Several hedge funds have recently made changes to their positions in AMPG. Virtu Financial LLC acquired a new position in AmpliTech Group in the 3rd quarter valued at about $57,000. Millennium Management LLC acquired a new stake in AmpliTech Group during the 3rd quarter worth approximately $73,000. Engineers Gate Manager LP purchased a new position in shares of AmpliTech Group in the 4th quarter valued at approximately $62,000. Squarepoint Ops LLC grew 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 valued at $87,000 after purchasing an additional 7,837 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of AmpliTech Group by 45.7% in the third 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 and hedge funds own 10.99% of the company’s stock.

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.