News stories about Ampco-Pittsburgh (NYSE:AP) have trended somewhat negative on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. 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 coverage optimism score of 0.00 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 44.5943071519071 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several brokerages have recently issued reports on AP. Zacks Investment Research cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Monday, March 19th. ValuEngine cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.
AP stock opened at $10.10 on Friday. Ampco-Pittsburgh has a fifty-two week low of $8.49 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.66.
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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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