StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a report released on Wednesday morning. The firm issued a buy rating on the industrial products company’s stock.
Ampco-Pittsburgh Trading Down 0.5 %
AP stock opened at $2.11 on Wednesday. The firm’s fifty day simple moving average is $2.38 and its two-hundred day simple moving average is $2.55. The company has a quick ratio of 0.96, a current ratio of 2.02 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $41.93 million, a price-to-earnings ratio of -1.04 and a beta of 0.66. Ampco-Pittsburgh has a twelve month low of $2.09 and a twelve month high of $4.00.
Ampco-Pittsburgh (NYSE:AP – Get Free Report) last posted its quarterly earnings results on Monday, March 25th. The industrial products company reported ($2.12) EPS for the quarter. Ampco-Pittsburgh had a negative return on equity of 38.27% and a negative net margin of 9.45%. The company had revenue of $108.11 million during the quarter.
Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing (ALP) segments.
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