Ampco-Pittsburgh Corporation (NYSE:AP) Releases Earnings Results, Beats Estimates By $0.04 EPS
Ampco-Pittsburgh Corporation (NYSE:AP) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04, MarketWatch Earnings reports. Ampco-Pittsburgh Corporation had a negative return on equity of 24.28% and a negative net margin of 20.83%.
Shares of Ampco-Pittsburgh Corporation (NYSE AP) traded up 1.12% on Tuesday, hitting $13.50. The stock had a trading volume of 9,287 shares. The firm has a 50 day moving average price of $14.31 and a 200 day moving average price of $14.85. Ampco-Pittsburgh Corporation has a one year low of $9.34 and a one year high of $18.25. The company’s market capitalization is $165.65 million.
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A number of brokerages have recently weighed in on AP. Zacks Investment Research upgraded Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine upgraded Ampco-Pittsburgh Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, May 20th.
Ampco-Pittsburgh Corporation Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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