AmpliTech Group (NASDAQ:AMPG) Announces Quarterly Earnings Results

AmpliTech Group (NASDAQ:AMPG) announced its earnings results on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08), Zacks reports. The company had revenue of $4.48 million for the quarter, compared to the consensus estimate of $4.30 million. AmpliTech Group had a negative net margin of 27.81% and a negative return on equity of 19.57%.

AmpliTech Group Trading Down 32.1%

Shares of AMPG opened at $1.80 on Friday. AmpliTech Group has a 12 month low of $1.21 and a 12 month high of $4.89. The stock has a fifty day moving average price of $2.87 and a 200-day moving average price of $3.29. The firm has a market cap of $41.31 million, a PE ratio of -5.29 and a beta of -0.93.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMPG. Marshall Wace LLP acquired a new stake in AmpliTech Group in the fourth quarter worth about $181,000. Dimensional Fund Advisors LP increased its holdings in shares of AmpliTech Group by 62.7% during the third quarter. Dimensional Fund Advisors LP now owns 63,051 shares of the company’s stock valued at $245,000 after acquiring an additional 24,302 shares in the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of AmpliTech Group by 26.7% during the fourth quarter. Essex Investment Management Co. LLC now owns 87,840 shares of the company’s stock valued at $263,000 after acquiring an additional 18,523 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AmpliTech Group by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock valued at $355,000 after purchasing an additional 4,811 shares during the last quarter. Finally, Corsair Capital Management L.P. raised its position in shares of AmpliTech Group by 71.7% in the 4th 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 last quarter. 10.99% of the stock is owned by institutional investors and hedge funds.

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.