Ampco-Pittsburgh (NYSE:AP) Coverage Initiated by Analysts at StockNews.com

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

Ampco-Pittsburgh Trading Down 0.6 %

Shares of NYSE:AP opened at $0.91 on Wednesday. The company’s 50-day moving average price is $1.68 and its two-hundred day moving average price is $2.23. Ampco-Pittsburgh has a one year low of $0.88 and a one year high of $4.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.94 and a quick ratio of 0.96. The stock has a market capitalization of $18.18 million, a PE ratio of -0.42 and a beta of 0.83.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Monday, May 13th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative net margin of 10.13% and a negative return on equity of 47.00%. The company had revenue of $110.22 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 (FCEP); and Air and Liquid Processing (ALP) segments.