AmpliTech Group, Inc.’s (NASDAQ:AMPG) 28% Cheaper Price Remains In Tune With Revenues
AmpliTech Group, Inc. (NASDAQ:AMPG) shares have retraced a considerable 28% in the last month, reversing a fair amount of their solid recent performance. Of course, over the longer-term many would still wish they owned shares as the stock’s price has soared 231% in the last twelve months.
In spite of the heavy fall in price, given close to half the companies operating in the United States’ Electronic industry have price-to-sales ratios (or “P/S”) below 2.6x, you may still consider AmpliTech Group as a stock to potentially avoid with its 3.3x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it’s justified.
