StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a research note issued to investors on Wednesday morning. The brokerage issued a buy rating on the industrial products company’s stock.
Ampco-Pittsburgh Stock Performance
Shares of Ampco-Pittsburgh stock opened at $2.11 on Wednesday. The firm has a market capitalization of $41.93 million, a price-to-earnings ratio of -1.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.02 and a quick ratio of 0.96. Ampco-Pittsburgh has a one year low of $2.09 and a one year high of $4.00. The business has a 50-day simple moving average of $2.38 and a 200 day simple moving average of $2.55.
Ampco-Pittsburgh (NYSE:AP – Get Free Report) last announced its earnings results on Monday, March 25th. The industrial products company reported ($2.12) earnings per share for the quarter. Ampco-Pittsburgh had a negative return on equity of 38.27% and a negative net margin of 9.45%. The business 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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