Stock Traders Buy High Volume of Call Options on American Axle & Manufacturing (NYSE:DCH)

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) was the target of unusually large options trading activity on Friday. Investors purchased 80,765 call options on the company. This is an increase of approximately 1,392% compared to the typical daily volume of 5,415 call options.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings assumed coverage on shares of American Axle & Manufacturing in a report on Thursday, February 5th. They set a “hold (c-)” rating for the company. Zacks Research cut American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

American Axle & Manufacturing Trading Down 13.4%

Shares of American Axle & Manufacturing stock traded down $1.13 during trading hours on Friday, reaching $7.30. 12,534,349 shares of the stock traded hands, compared to its average volume of 7,745,785. American Axle & Manufacturing has a one year low of $3.00 and a one year high of $9.25. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61. The company has a market cap of $866.51 million, a P/E ratio of 22.12 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, February 13th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. American Axle & Manufacturing had a net margin of 0.72% and a return on equity of 7.92%. The business had revenue of $1.38 billion during the quarter. During the same period in the prior year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.

Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.