AmpliTech Group (NASDAQ:AMPG) Stock Price Down 4.8% - Here's Why

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.Get AmpliTech Group alerts:Analyst Upgrades and DowngradesSeparately, 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 AMPGAmpliTech 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 OutflowsA 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.Further ReadingFive stocks we like better than AmpliTech GroupWhat Are the U.K. Market Holidays? How to Invest and TradeRare Earth Stocks: The Truce That Isn't a TruceHow to Invest in Insurance Companies: A Guide Carving Up Profits: 3 Food Stocks on the Thanksgiving Table3 Grocery Stocks That Are Proving They Are Still Essential C3.ai's Reset: Why New Leadership Could Spark a TurnaroundThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AmpliTech Group Right Now?Before you consider AmpliTech Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AmpliTech Group wasn't on the list.While AmpliTech Group currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here