American Axle & Manufacturing (NYSE:DCH) Shares Gap Up – Should You Buy?

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) gapped up prior to trading on Tuesday . The stock had previously closed at $5.43, but opened at $5.69. American Axle & Manufacturing shares last traded at $5.7250, with a volume of 1,224,808 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DCH. Zacks Research raised shares of American Axle & Manufacturing from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Weiss Ratings assumed coverage on American Axle & Manufacturing in a report on Wednesday, March 11th. They set a “sell (d)” rating on the stock. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Axle & Manufacturing has a consensus rating of “Reduce”.

American Axle & Manufacturing Stock Performance

The company has a quick ratio of 2.57, a current ratio of 2.95 and a debt-to-equity ratio of 6.31. The firm has a market capitalization of $1.34 billion, a P/E ratio of -31.58, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

About American Axle & Manufacturing

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.