Investment analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP – Get Free Report) in a report released on Friday. The brokerage set a “buy” rating on the industrial products company’s stock.
Ampco-Pittsburgh Trading Down 2.6 %
Shares of Ampco-Pittsburgh stock opened at $1.91 on Friday. Ampco-Pittsburgh has a 52-week low of $1.85 and a 52-week high of $4.00. 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 company’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $2.50. The firm has a market cap of $37.94 million, a price-to-earnings ratio of -0.94 and a beta of 0.67.
Ampco-Pittsburgh (NYSE:AP – Get Free Report) last issued its quarterly earnings results on Monday, March 25th. The industrial products company reported ($2.12) earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative return on equity of 38.27% and a negative net margin of 9.45%. The firm had revenue of $108.11 million for 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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