AmpliTech Group (NASDAQ:AMPG) Posts Quarterly Earnings Results

AmpliTech Group (NASDAQ:AMPG) posted its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10), FiscalAI reports. The company had revenue of $8.07 million for the quarter, compared to analyst estimates of $8.00 million. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.

AmpliTech Group Stock Performance

AmpliTech Group stock opened at $4.17 on Friday. The firm has a market capitalization of $105.64 million, a price-to-earnings ratio of -13.35 and a beta of -0.20. AmpliTech Group has a fifty-two week low of $1.64 and a fifty-two week high of $10.11. The stock’s fifty day moving average is $6.56 and its two-hundred day moving average is $4.15.

Analyst Ratings Changes

A number of research firms recently commented on AMPG. Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a report on Friday, July 17th. Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AmpliTech Group presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Insider Transactions at AmpliTech Group

In related news, CFO Louisa Sanfratello sold 50,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.80, for a total value of $240,000.00. Following the sale, the chief financial officer directly owned 60,000 shares of the company’s stock, valued at approximately $288,000. This represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jorge Luis Flores sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $5.36, for a total transaction of $160,800.00. Following the transaction, the chief operating officer owned 76,000 shares of the company’s stock, valued at $407,360. This trade represents a 28.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 107,157 shares of company stock valued at $587,948 in the last 90 days. 17.12% of the stock is currently owned by insiders.

Institutional Trading of AmpliTech Group

Large investors have recently modified their holdings of the business. Virtu Financial LLC increased its stake in shares of AmpliTech Group by 32.3% during 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 in the last quarter. Creek Drive Management Group LLC acquired a new position in shares of AmpliTech Group during the 4th quarter worth approximately $1,196,000. XTX Topco Ltd purchased a new stake in AmpliTech Group in the 4th quarter valued at approximately $101,000. Engineers Gate Manager LP purchased a new stake in AmpliTech Group in the 4th quarter valued at approximately $62,000. Finally, Corsair Capital Management L.P. grew its holdings in AmpliTech Group by 71.7% during the 4th quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock valued at $513,000 after buying an additional 71,722 shares during the last quarter. 10.99% of the stock is currently owned by institutional investors and hedge funds.

About AmpliTech Group

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.