American Axle & Manufacturing (NYSE:DCH) Downgraded by Zacks Research to Strong Sell

American Axle & Manufacturing (NYSE:DCH) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings began coverage on shares of American Axle & Manufacturing in a research note on Thursday. They issued a “hold (c-)” rating on the stock. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

American Axle & Manufacturing Stock Performance

NYSE DCH opened at $8.64 on Thursday. The company has a market capitalization of $1.03 billion, a P/E ratio of 26.18 and a beta of 1.60. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.43 and a current ratio of 1.77. American Axle & Manufacturing has a one year low of $3.00 and a one year high of $9.25.

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.