American Axle & Manufacturing (NYSE:DCH) Shares Down 9.3% – Here’s What Happened

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH)’s stock price fell 9.3% on Monday . The stock traded as low as $4.94 and last traded at $4.9450. Approximately 2,318,341 shares changed hands during trading, a decline of 59% from the average session volume of 5,617,005 shares. The stock had previously closed at $5.45.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DCH shares. Weiss Ratings reissued a “sell (d)” rating on shares of American Axle & Manufacturing in a research report on Monday, June 8th. Barclays began coverage on American Axle & Manufacturing in a report on Monday, June 22nd. They set an “equal weight” rating and a $8.00 price objective on the stock. Royal Bank Of Canada boosted their target price on American Axle & Manufacturing from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Stifel Nicolaus upped their target price on American Axle & Manufacturing from $6.70 to $7.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.80.

American Axle & Manufacturing Trading Down 4.5%

The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.04 and a current ratio of 1.40. The firm has a market cap of $1.24 billion, a PE ratio of -6.86, a price-to-earnings-growth ratio of 0.23 and a beta of 1.57. The stock has a 50 day simple moving average of $6.17.

American Axle & Manufacturing (NYSE:DCH) last announced its earnings results on Friday, May 8th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.38. American Axle & Manufacturing had a negative net margin of 1.87% and a positive return on equity of 13.65%. The business had revenue of $2.38 billion during the quarter. The firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. On average, sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.77 EPS for the current year.

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.