AmpliTech Group (NASDAQ:AMPG) Announces Earnings Results

AmpliTech Group (NASDAQ:AMPG) issued its earnings results on Wednesday. The company reported ($0.06) 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 company had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million.

AmpliTech Group Stock Down 7.8%

AMPG traded down $0.21 during trading on Wednesday, reaching $2.48. The stock had a trading volume of 1,675,081 shares, compared to its average volume of 711,501. The firm has a market capitalization of $62.82 million, a price-to-earnings ratio of -7.29 and a beta of -0.57. AmpliTech Group has a 1-year low of $1.64 and a 1-year high of $4.89. The stock has a 50 day moving average of $2.26 and a two-hundred day moving average of $2.85.

Analyst Ratings Changes

A number of brokerages have commented on AMPG. Maxim Group decreased their target price on 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 reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research report on Monday, April 20th. Finally, Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On AmpliTech Group

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its position 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 valued at $58,000 after acquiring an additional 4,762 shares during the last quarter. Creek Drive Management Group LLC acquired a new stake in shares of AmpliTech Group during the 4th quarter valued at $1,196,000. XTX Topco Ltd acquired a new stake in shares of AmpliTech Group during the 4th quarter valued at $101,000. Engineers Gate Manager LP acquired a new stake in shares of AmpliTech Group during the 4th quarter valued at $62,000. Finally, Corsair Capital Management L.P. lifted its position in shares of AmpliTech Group by 71.7% during the 4th quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock valued at $513,000 after acquiring an additional 71,722 shares during the last quarter. 10.99% of the stock is currently owned by institutional investors and hedge funds.

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.