AmpliTech Group (NASDAQ:AMPG) Stock Price Down 4.8% - Here's Why
AmpliTech Group (NASDAQ:AMPG) shares fell 4.8% to $2.60, with trading volume down 33% from the average. Weiss Ratings reiterated a 'sell' rating. The company reported a Q2 loss of $0.09 per share, missing estimates. Institutional investors have been adjusting their positions. AmpliTech designs and assembles RF amplifiers for various communication systems.
Shares of AmpliTech Group, Inc. (NASDAQ:AMPG - Get Free Report) traded down 4.8% during trading on Wednesday . The company traded as low as $2.60 and last traded at $2.60. 426,883 shares traded hands during trading, a decline of 33% from the average session volume of 634,943 shares. The stock had previously closed at $2.73.
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Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of AmpliTech Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, AmpliTech Group presently has an average rating of "Sell".
Read Our Latest Research Report on AMPG
AmpliTech Group Stock Down 4.8%
The business's fifty day moving average is $3.82 and its two-hundred day moving average is $2.97. The firm has a market cap of $53.64 million, a price-to-earnings ratio of -4.19 and a beta of -0.99.
AmpliTech Group (NASDAQ:AMPG - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). AmpliTech Group had a negative return on equity of 26.65% and a negative net margin of 44.65%.The business had revenue of $11.03 million for the quarter, compared to analyst estimates of $3.50 million. AmpliTech Group has set its FY 2025 guidance at EPS.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AIGH Capital Management LLC acquired a new stake in AmpliTech Group during the 1st quarter valued at approximately $1,403,000. Essex Investment Management Co. LLC purchased a new stake in AmpliTech Group in the 1st quarter valued at about $91,000. Thompson Davis & CO. Inc. bought a new stake in AmpliTech Group in the first quarter worth about $34,000. Geode Capital Management LLC lifted its position in shares of AmpliTech Group by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 167,569 shares of the company's stock valued at $355,000 after buying an additional 4,811 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC boosted its holdings in AmpliTech Group by 37.1% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 14,775 shares of the company's stock worth $57,000 after buying an additional 4,000 shares during the period. Institutional investors own 10.99% of the company's stock.
AmpliTech Group Company Profile
(Get Free Report)AmpliTech Group, Inc designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.
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