Media headlines about Ampco-Pittsburgh (NYSE:AP) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news 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 closest to one being the most favorable. Ampco-Pittsburgh earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 44.7031455090356 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- The Timken (TKR) & Ampco-Pittsburgh (AP) Critical Comparison (americanbankingnews.com)
- 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)
AP has been the subject of several research analyst reports. ValuEngine downgraded shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Zacks Investment Research downgraded shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.00.
In other news, major shareholder Louis Berkman Investment Co sold 2,800 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $13.05, for a total transaction of $36,540.00. Following the completion of the sale, the insider now owns 1,431,259 shares in the company, valued at $18,677,929.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 86,560 shares of company stock valued at $979,883 in the last quarter. 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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