Ampco-Pittsburgh Corp. (AP) Shares Down 6.9%
Shares of Ampco-Pittsburgh Corp. (NYSE:AP) dropped 6.9% on Monday . The company traded as low as $9.35 and last traded at $9.48, with a volume of 63,897 shares changing hands. The stock had previously closed at $10.18.
AP has been the topic of a number of recent analyst reports. Canaccord Genuity restated a “hold” rating on shares of Ampco-Pittsburgh Corp. in a report on Monday, June 20th. TheStreet cut shares of Ampco-Pittsburgh Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd.
The company’s 50-day moving average is $11.52 and its 200 day moving average is $13.63. The company’s market capitalization is $117.91 million.
Ampco-Pittsburgh Corp. (NYSE:AP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.53) earnings per share (EPS) for the quarter. The company earned $93.30 million during the quarter, compared to analysts’ expectations of $60 million. Ampco-Pittsburgh Corp. had a negative net margin of 2.80% and a negative return on equity of 4.01%. On average, equities research analysts anticipate that Ampco-Pittsburgh Corp. will post $3.43 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Teachers Advisors Inc. bought a new stake in shares of Ampco-Pittsburgh Corp. during the second quarter valued at about $153,000. California State Teachers Retirement System acquired a new stake in shares of Ampco-Pittsburgh Corp. during the second quarter worth about $203,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Ampco-Pittsburgh Corp. during the second quarter worth about $214,000. KCG Holdings Inc. acquired a new stake in shares of Ampco-Pittsburgh Corp. during the second quarter worth about $238,000. Finally, Menta Capital LLC raised its stake in shares of Ampco-Pittsburgh Corp. by 5.0% in the second quarter. Menta Capital LLC now owns 21,681 shares of the company’s stock worth $245,000 after buying an additional 1,030 shares during the period. Hedge funds and other institutional investors own 54.35% of the company’s stock.
Ampco-Pittsburgh Corp. Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
Receive News & Ratings for Ampco-Pittsburgh Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ampco-Pittsburgh Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.