Ampco-Pittsburgh (NYSE:AP) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research note issued to investors on Sunday. The brokerage issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Up 4.5 %

Shares of AP opened at $1.64 on Friday. The firm has a fifty day simple moving average of $1.21 and a two-hundred day simple moving average of $1.96. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $3.98. The stock has a market capitalization of $32.58 million, a P/E ratio of -0.75 and a beta of 0.84. The company has a quick ratio of 0.96, a current ratio of 1.94 and a debt-to-equity ratio of 1.73.

Ampco-Pittsburgh (NYSE:AP) last posted its earnings results on Monday, May 13th. The industrial products company reported ($0.14) earnings per share for the quarter. The firm had revenue of $110.22 million for the quarter. Ampco-Pittsburgh had a negative return on equity of 47.00% and a negative net margin of 10.13%.

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 (FCEP); and Air and Liquid Processing (ALP) segments.