AmpliTech Group (NASDAQ:AMPG) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

AmpliTech Group (NASDAQ:AMPG) issued its quarterly earnings results on Wednesday. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04), Yahoo Finance reports. The business had revenue of $2.53 million for the quarter. AmpliTech Group had a negative net margin of 47.51% and a negative return on equity of 25.21%.

AmpliTech Group Price Performance

Shares of NASDAQ AMPG traded down $0.01 during mid-day trading on Thursday, reaching $1.00. 15,645 shares of the company traded hands, compared to its average volume of 33,279. AmpliTech Group has a fifty-two week low of $0.98 and a fifty-two week high of $2.55. The firm has a market cap of $9.72 million, a PE ratio of -1.50 and a beta of 0.57. The stock has a fifty day simple moving average of $1.09 and a 200-day simple moving average of $1.66.

About AmpliTech Group

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.