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

AmpliTech Group (NASDAQ:AMPG) announced its quarterly earnings data on Thursday. The company reported ($0.14) earnings per share 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 firm had revenue of $4.48 million during the quarter, compared to analyst estimates of $4.30 million.

AmpliTech Group Trading Down 3.3%

AMPG traded down $0.09 during midday trading on Thursday, hitting $2.65. 503,906 shares of the company were exchanged, compared to its average volume of 718,034. The company’s 50 day simple moving average is $2.93 and its 200 day simple moving average is $3.31. The firm has a market capitalization of $60.82 million, a price-to-earnings 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.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On AmpliTech Group

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC grew its stake in shares of AmpliTech Group by 32.3% during the 4th quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock worth $58,000 after purchasing an additional 4,762 shares during the period. Creek Drive Management Group LLC acquired a new position in shares of AmpliTech Group in the 4th quarter valued at $1,196,000. XTX Topco Ltd purchased a new stake in AmpliTech Group during the fourth quarter worth $101,000. Engineers Gate Manager LP purchased a new stake in shares of AmpliTech Group during the 4th quarter worth about $62,000. Finally, Corsair Capital Management L.P. grew its holdings in AmpliTech Group by 71.7% in the fourth quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock valued at $513,000 after purchasing an additional 71,722 shares during the period. Hedge funds and other institutional investors own 10.99% of the company’s stock.

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.