Ampco-Pittsburgh (NYSE:AP) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report issued on Thursday morning. The firm issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Shares of Ampco-Pittsburgh stock traded down $0.01 during trading on Thursday, hitting $2.03. 40,924 shares of the stock were exchanged, compared to its average volume of 32,841. Ampco-Pittsburgh has a 1-year low of $1.99 and a 1-year high of $4.00. The stock has a market capitalization of $40.34 million, a price-to-earnings ratio of -1.00 and a beta of 0.67. The company has a fifty day moving average price of $2.33 and a 200-day moving average price of $2.53. The company has a current ratio of 2.02, a quick ratio of 0.96 and a debt-to-equity ratio of 1.63.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings data on Monday, March 25th. The industrial products company reported ($2.12) earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative net margin of 9.45% and a negative return on equity of 38.27%. The business had revenue of $108.11 million during the quarter.

About Ampco-Pittsburgh

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.