Press coverage about Ampco-Pittsburgh (NYSE:AP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ampco-Pittsburgh earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 44.4116265096414 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Ampco-Pittsburgh stock opened at $7.05 on Friday. Ampco-Pittsburgh has a 1 year low of $6.30 and a 1 year high of $18.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.52.
Ampco-Pittsburgh (NYSE:AP) last announced its earnings results on Friday, August 10th. The industrial products company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.33). The company had revenue of $127.43 million for the quarter, compared to the consensus estimate of $116.00 million. Ampco-Pittsburgh had a negative net margin of 1.62% and a negative return on equity of 3.67%. analysts forecast that Ampco-Pittsburgh will post -0.22 EPS for the current year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ampco-Pittsburgh from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Janney Montgomery Scott lowered shares of Ampco-Pittsburgh from a “buy” rating to a “neutral” rating in a research report on Monday, August 13th. Finally, ValuEngine upgraded shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th.
In other Ampco-Pittsburgh news, Director Carl H. Pforzheimer II purchased 6,869 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were purchased at an average cost of $7.41 per share, with a total value of $50,899.29. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $222,300. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 29.90% of the company’s stock.
Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.
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