Ampco-Pittsburgh (NYSE:AP) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

Shares of AP stock opened at $0.77 on Thursday. The stock’s fifty day moving average is $1.48 and its 200-day moving average is $2.14. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.96 and a current ratio of 1.94. The stock has a market capitalization of $15.30 million, a PE ratio of -0.35 and a beta of 0.83. Ampco-Pittsburgh has a 52 week low of $0.75 and a 52 week high of $4.00.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, May 13th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $110.22 million during the quarter. Ampco-Pittsburgh had a negative net margin of 10.13% and a negative return on equity of 47.00%.

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.