AmpliTech Group (NASDAQ:AMPG) Issues Earnings Results, Misses Estimates By $0.10 EPS

AmpliTech Group (NASDAQ:AMPG) posted its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10), FiscalAI reports. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.The firm had revenue of $8.07 million for the quarter, compared to analysts’ expectations of $8.00 million.

AmpliTech Group Trading Down 6.6%

AMPG stock traded down $0.42 during midday trading on Thursday, reaching $5.99. The company had a trading volume of 4,063,159 shares, compared to its average volume of 2,405,975. The company has a 50 day moving average of $6.56 and a two-hundred day moving average of $4.14. The company has a market capitalization of $151.79 million, a P/E ratio of -19.32 and a beta of -0.20. AmpliTech Group has a 1 year low of $1.64 and a 1 year high of $10.11.

Wall Street Analyst Weigh In

AMPG has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a report on Friday, July 17th. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.00.

Insider Activity

In other news, Director Daniel Richard Mazziota sold 10,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $4.95, for a total value of $49,500.00. Following the transaction, the director directly owned 254,900 shares of the company’s stock, valued at approximately $1,261,755. This represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jorge Luis Flores sold 30,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $5.36, for a total value of $160,800.00. Following the sale, the chief operating officer owned 76,000 shares of the company’s stock, valued at approximately $407,360. This represents a 28.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 107,157 shares of company stock worth $587,948 in the last ninety days. Corporate insiders own 17.12% of the company’s stock.

Institutional Investors Weigh In On AmpliTech Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of AmpliTech Group in the 3rd quarter valued at approximately $57,000. Engineers Gate Manager LP bought a new position in AmpliTech Group during the fourth quarter valued at approximately $62,000. Millennium Management LLC bought a new position in AmpliTech Group during the third quarter valued at approximately $73,000. Squarepoint Ops LLC lifted its stake in AmpliTech Group by 54.3% in the third quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after acquiring an additional 7,837 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in AmpliTech Group in the fourth quarter valued at approximately $101,000. 10.99% of the stock is owned by hedge funds and other institutional investors.

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.