Geode Capital Management LLC Boosts Stock Position in AmpliTech Group, Inc. (NASDAQ:AMPG)

Geode Capital Management LLC raised its stake in AmpliTech Group, Inc. (NASDAQ:AMPG) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,911 shares of the company’s stock after purchasing an additional 12,708 shares during the period. Geode Capital Management LLC owned 0.49% of AmpliTech Group worth $442,000 as of its most recent SEC filing.

Separately, Virtu Financial LLC acquired a new stake in shares of AmpliTech Group in the fourth quarter valued at approximately $99,000. 10.99% of the stock is owned by hedge funds and other institutional investors.

AmpliTech Group Stock Performance

Shares of AmpliTech Group stock opened at $1.92 on Friday. The firm’s fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.80. AmpliTech Group, Inc. has a 12 month low of $0.64 and a 12 month high of $6.43. The stock has a market capitalization of $37.75 million, a price-to-earnings ratio of -2.37 and a beta of -1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.91 and a quick ratio of 1.98.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings data on Tuesday, April 1st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). AmpliTech Group had a negative net margin of 68.09% and a negative return on equity of 35.34%. The company had revenue of $1.85 million for the quarter, compared to analysts’ expectations of $3.00 million.

AmpliTech Group Profile

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.