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

Key Points

• AmpliTech Group reported a quarterly loss of $0.12 per share, missing the analyst consensus loss of $0.02 by $0.10. Revenue reached $8.07 million, slightly exceeding estimates of $8.00 million.
• The stock fell 6.6% to $5.99 following the results. The company reported a negative net margin of 24.82% and negative return on equity of 17.50%.
• Insiders sold 107,157 shares worth approximately $587,948 over the past 90 days, while analysts maintain an overall “Hold” rating with a consensus price target of $7.00.

AmpliTech Group (NASDAQ:AMPG - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.10), FiscalAI reports. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%. The company had revenue of $8.07 million for the quarter, compared to analyst estimates of $8.00 million.

AmpliTech Group Stock Down 6.6%

AmpliTech Group stock traded down $0.42 during mid-day trading on Thursday, hitting $5.99. The company's stock had a trading volume of 4,063,159 shares, compared to its average volume of 2,405,975. The stock 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 twelve month low of $1.64 and a twelve month high of $10.11. The stock's fifty day moving average price is $6.56 and its two-hundred day moving average price is $4.14.

Insider Activity

In related news, CFO Louisa Sanfratello sold 50,000 shares of AmpliTech Group stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.80, for a total value of $240,000.00. Following the transaction, the chief financial officer directly owned 60,000 shares in the company, valued at $288,000. The trade was a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel Richard Mazziota sold 10,000 shares of the business's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $7.71, for a total value of $77,100.00. Following the sale, the director directly owned 237,743 shares in the company, valued at $1,832,998.53. This trade represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 107,157 shares of company stock worth $587,948. Insiders own 17.12% of the company's stock.

Hedge Funds Weigh In On AmpliTech Group

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AmpliTech Group in a research note on Friday, July 17th. Wall Street Zen upgraded AmpliTech Group from a "sell" rating to a "hold" rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, AmpliTech Group presently has an average rating of "Hold" and a consensus target price of $7.00.

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.

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