Ampco-Pittsburgh (NYSE:AP) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Up 1.4 %

AP opened at $2.12 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 0.96 and a debt-to-equity ratio of 1.63. Ampco-Pittsburgh has a 1-year low of $2.09 and a 1-year high of $4.00. The company has a market capitalization of $42.12 million, a PE ratio of -1.04 and a beta of 0.66. The firm’s 50 day simple moving average is $2.38 and its two-hundred day simple moving average is $2.55.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings results on Monday, March 25th. The industrial products company reported ($2.12) earnings per share for the quarter. Ampco-Pittsburgh had a negative return on equity of 38.27% and a negative net margin of 9.45%. The business had revenue of $108.11 million during the quarter.

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 (FCEG); and Air and Liquid Processing (ALP) segments.