Headlines about Ampco-Pittsburgh (NYSE:AP) have been trending somewhat negative recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ampco-Pittsburgh earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 44.5943071519071 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Reviewing Ampco-Pittsburgh (AP) and Worthington Industries (WOR) (americanbankingnews.com)
- Ampco-Pittsburgh Corp (AP) Major Shareholder Sells $47,993.00 in Stock (americanbankingnews.com)
- Ampco-Pittsburgh (AP) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Edited Transcript of AP earnings conference call or presentation 14-Mar-18 2:30pm GMT (finance.yahoo.com)
- Brokerages Anticipate Ampco-Pittsburgh Corp (AP) to Announce $0.06 EPS (americanbankingnews.com)
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine lowered shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Ampco-Pittsburgh presently has a consensus rating of “Hold” and an average price target of $22.00.
In other news, major shareholder Louis Berkman Investment Co sold 4,363 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $11.00, for a total value of $47,993.00. Following the sale, the insider now directly owns 1,318,911 shares of the company’s stock, valued at approximately $14,508,021. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 86,560 shares of company stock worth $979,883 over the last three months. Insiders own 29.90% of the company’s stock.
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Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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