Ampco-Pittsburgh (NYSE:AP) Announces Earnings Results

Ampco-Pittsburgh (NYSE:AP) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $108.01 million for the quarter. Ampco-Pittsburgh had a positive return on equity of 1.40% and a negative net margin of 1.22%.

Ampco-Pittsburgh Trading Up 21.5%

Shares of AP traded up $0.41 during trading hours on Thursday, hitting $2.32. The stock had a trading volume of 158,360 shares, compared to its average volume of 52,242. The company’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $2.76. Ampco-Pittsburgh has a 12-month low of $1.61 and a 12-month high of $3.99. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.91 and a current ratio of 1.80. The firm has a market cap of $47.14 million, a P/E ratio of -9.61 and a beta of 0.89.

Institutional Trading of Ampco-Pittsburgh

Several large investors have recently added to or reduced their stakes in the stock. Bailard Inc. purchased a new stake in shares of Ampco-Pittsburgh during the first quarter valued at approximately $27,000. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh during the 2nd quarter valued at $30,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Ampco-Pittsburgh during the 2nd quarter worth $32,000. Group One Trading LLC acquired a new position in Ampco-Pittsburgh in the 2nd quarter worth $43,000. Finally, Teton Advisors LLC purchased a new position in Ampco-Pittsburgh in the 3rd quarter valued at about $248,000. 49.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ampco-Pittsburgh in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ampco-Pittsburgh has an average rating of “Sell”.

Ampco-Pittsburgh Company Profile

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.