AmpliTech Group (NASDAQ:AMPG) Stock Falls 3% – Here’s What Happened

AmpliTech Group, Inc. (NASDAQ:AMPG – Get Free Report) traded down 3% during trading on Friday. The stock traded as low as $2.56 and last traded at $2.58. Approximately 350,174 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 881,190 shares. The stock had previously closed at $2.66.

Wall Street Analysts Forecast Growth

AMPG has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a research report on Thursday, October 15th. Wall Street Zen lowered shares of AmpliTech Group from a “hold” rating to a “strong sell” rating in a report on Saturday, August 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Get Our Latest Stock Analysis on AmpliTech Group

AmpliTech Group Trading Down 3.0%

The business has a fifty day moving average of $3.19 and a 200-day moving average of $4.33. The company has a market cap of $77.74 million, a PE ratio of -7.59 and a beta of -0.26.

AmpliTech Group (NASDAQ:AMPG – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The business had revenue of $8.07 million during the quarter, compared to analysts’ expectations of $8.00 million. AmpliTech Group had a negative return on equity of 19.55% and a negative net margin of 33.37%.

Hedge Funds Weigh In On AmpliTech Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new stake in AmpliTech Group in the second quarter worth about $119,000. FNY Investment Advisers LLC purchased a new position in shares of AmpliTech Group during the 2nd quarter worth approximately $643,000. Dimensional Fund Advisors LP grew its holdings in shares of AmpliTech Group by 156.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after acquiring an additional 131,599 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of AmpliTech Group by 135.5% during the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after acquiring an additional 214,400 shares during the period. Hedge funds and other institutional investors own 10.99% of the company’s stock.

AmpliTech Group Company Profile

(Get Free Report)

AmpliTech Group, Inc (NASDAQ: AMPG) designs and manufactures radio-frequency (RF) and microwave components, subsystems, and related technologies. Its product portfolio includes low-noise amplifiers, power amplifiers, filters, antennas, and integrated RF solutions used to support high-frequency communications and signal-processing applications.

The company serves markets including satellite communications, telecommunications, aerospace and defense, commercial wireless infrastructure, and emerging technologies such as 5G and quantum computing.

See Also

Receive News & Ratings for AmpliTech Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmpliTech Group and related companies with MarketBeat.com's FREE daily email newsletter.