AmpliTech Group (NASDAQ:AMPG) Posts Earnings Results

AmpliTech Group (NASDAQ:AMPGGet Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10), FiscalAI reports. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.The firm had revenue of $8.07 million for the quarter, compared to the consensus estimate of $8.00 million.

AmpliTech Group Trading Down 32.3%

AMPG stock traded down $1.94 during midday trading on Friday, hitting $4.05. 2,286,421 shares of the company’s stock were exchanged, compared to its average volume of 2,413,737. The firm has a 50 day moving average price of $6.56 and a 200-day moving average price of $4.15. AmpliTech Group has a 12-month low of $1.64 and a 12-month high of $10.11. The stock has a market capitalization of $102.70 million, a price-to-earnings ratio of -13.10 and a beta of -0.20.

Insider Transactions at AmpliTech Group

In other AmpliTech Group news, Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $7.71, for a total transaction of $77,100.00. Following the transaction, the director directly owned 237,743 shares in the company, valued at $1,832,998.53. This represents a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jorge Luis Flores sold 30,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $5.36, for a total transaction of $160,800.00. Following the sale, the chief operating officer owned 76,000 shares of the company’s stock, valued at approximately $407,360. The trade was a 28.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 107,157 shares of company stock valued at $587,948. 17.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AmpliTech Group

A number of hedge funds and other institutional investors have recently modified their holdings of AMPG. Virtu Financial LLC boosted 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 during the period. Geode Capital Management LLC boosted its position in AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company’s stock worth $355,000 after acquiring an additional 4,811 shares during the period. Squarepoint Ops LLC grew its stake in AmpliTech Group by 54.3% during the 3rd 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. Two Sigma Investments LP grew its stake in AmpliTech Group by 45.7% during the 3rd quarter. Two Sigma Investments LP now owns 30,531 shares of the company’s stock valued at $119,000 after acquiring an additional 9,570 shares in the last quarter. Finally, Essex Investment Management Co. LLC increased its holdings in shares of AmpliTech Group by 26.7% in the 4th quarter. Essex Investment Management Co. LLC now owns 87,840 shares of the company’s stock valued at $263,000 after purchasing an additional 18,523 shares during the period. Institutional investors and hedge funds own 10.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on AMPG

AmpliTech Group Company Profile

(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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Earnings History for AmpliTech Group (NASDAQ:AMPG)

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