Posted by admin on Aug 4th, 2022
Ampco-Pittsburgh (NYSE:AP – Get Rating) is set to release its earnings data before the market opens on Thursday, August 11th. Persons that wish to register for the company’s earnings conference call can do so using this link.
Ampco-Pittsburgh (NYSE:AP – Get Rating) last posted its earnings results on Monday, May 9th. The industrial products company reported $0.08 earnings per share for the quarter. Ampco-Pittsburgh had a negative net margin of 3.18% and a negative return on equity of 3.48%. The firm had revenue of $94.43 million for the quarter.
Ampco-Pittsburgh stock opened at $4.50 on Thursday. Ampco-Pittsburgh has a twelve month low of $3.06 and a twelve month high of $6.67. The company has a quick ratio of 0.86, a current ratio of 1.61 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $4.05 and its 200-day moving average price is $5.17. The company has a market cap of $86.36 million, a PE ratio of -7.50 and a beta of 0.98.
An institutional investor recently raised its position in Ampco-Pittsburgh stock. State Street Corp lifted its holdings in Ampco-Pittsburgh Co. (NYSE:AP – Get Rating) by 6.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 38,516 shares of the industrial products company’s stock after purchasing an additional 2,209 shares during the period. State Street Corp owned about 0.20% of Ampco-Pittsburgh worth $243,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 43.55% of the company’s stock.
A number of equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Ampco-Pittsburgh in a research note on Monday. They set a “buy” rating for the company. TheStreet cut shares of Ampco-Pittsburgh from a “c-” rating to a “d+” rating in a research note on Thursday, April 7th.
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. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries.
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