AmpliTech Group (NASDAQ:AMPG - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08), Zacks reports. AmpliTech Group had a negative net margin of 27.81% and a negative return on equity of 19.57%. The business had revenue of $4.48 million during the quarter, compared to the consensus estimate of $4.30 million.
AmpliTech Group Trading Down 32.1%
AMPG stock opened at $1.80 on Friday. The firm has a market capitalization of $41.31 million, a PE ratio of -5.29 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 business's 50 day simple moving average is $2.87 and its 200 day simple moving average is $3.29.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of AmpliTech Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".
Get Our Latest Research Report on AMPG
Institutional Trading of AmpliTech Group
A number of hedge funds have recently modified their holdings of AMPG. Virtu Financial LLC bought a new stake in AmpliTech Group in the 3rd quarter valued at $57,000. Engineers Gate Manager LP acquired a new stake in shares of AmpliTech Group during the fourth quarter worth $62,000. Millennium Management LLC bought a new stake in shares of AmpliTech Group in the third quarter valued at about $73,000. Squarepoint Ops LLC grew its stake in shares of 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 in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of AmpliTech Group in the fourth quarter valued at about $101,000. Institutional investors and hedge funds own 10.99% of the company's stock.
About AmpliTech Group
(
Get Free Report)
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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