Ampco-Pittsburgh (NYSE:AP) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research note released on Saturday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Ampco-Pittsburgh stock opened at $1.50 on Friday. The firm has a 50 day simple moving average of $1.24 and a 200-day simple moving average of $2.01. Ampco-Pittsburgh has a 1-year low of $0.74 and a 1-year high of $4.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.94 and a quick ratio of 0.96. The stock has a market cap of $29.81 million, a price-to-earnings ratio of -0.68 and a beta of 0.84.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, May 13th. The industrial products company reported ($0.14) earnings per share for the quarter. Ampco-Pittsburgh had a negative net margin of 10.13% and a negative return on equity of 47.00%. The firm had revenue of $110.22 million during the quarter.

About Ampco-Pittsburgh

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. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.