AmpliTech Group (NASDAQ:AMPG) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

AmpliTech Group (NASDAQ:AMPG) issued its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.19), FiscalAI reports. The firm had revenue of $6.58 million during the quarter, compared to analyst estimates of $14.00 million. AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%.

AmpliTech Group Price Performance

Shares of NASDAQ AMPG traded down $0.20 during mid-day trading on Thursday, hitting $2.35. The company had a trading volume of 1,200,931 shares, compared to its average volume of 2,039,744. The company has a market capitalization of $70.81 million, a PE ratio of -6.91 and a beta of -0.22. The business’s 50-day simple moving average is $2.94 and its 200 day simple moving average is $3.79. AmpliTech Group has a 1-year low of $1.64 and a 1-year high of $10.11.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a report on Thursday, October 15th. Wall Street Zen lowered shares of AmpliTech Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.00.

About AmpliTech Group

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.