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

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

Ampco-Pittsburgh Price Performance

Shares of AP opened at $0.76 on Friday. The stock has a market capitalization of $15.18 million, a P/E ratio of -0.35 and a beta of 0.83. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $4.00. The company has a 50 day moving average of $1.31 and a 200-day moving average of $2.06. The company has a quick ratio of 0.96, a current ratio of 1.94 and a debt-to-equity ratio of 1.73.

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

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.