Somewhat Critical Media Coverage Somewhat Unlikely to Impact Ampco-Pittsburgh (NYSE:AP) Stock Price

Share on StockTwits

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.

In related news, major shareholder Louis Berkman Investment Co sold 4,363 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $11.00, for a total transaction of $47,993.00. Following the completion of the sale, the insider now owns 1,318,911 shares in the company, valued at $14,508,021. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 86,560 shares of company stock valued at $979,883. 29.90% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://baseballnewssource.com/2018/04/06/somewhat-negative-press-coverage-somewhat-unlikely-to-impact-ampco-pittsburgh-ap-share-price/2030106.html.

About Ampco-Pittsburgh

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.

Insider Buying and Selling by Quarter for Ampco-Pittsburgh (NYSE:AP)

Receive News & Ratings for Ampco-Pittsburgh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ampco-Pittsburgh and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.