Ampco-Pittsburgh (NYSE:AP) Posts Quarterly Earnings Results

Ampco-Pittsburgh (NYSE:AP) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%.

Ampco-Pittsburgh Price Performance

NYSE AP traded down $0.05 during mid-day trading on Wednesday, hitting $1.80. The stock had a trading volume of 35,813 shares, compared to its average volume of 278,571. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. The company has a market cap of $36.07 million, a price-to-earnings ratio of -0.79 and a beta of 1.00. Ampco-Pittsburgh has a 52-week low of $0.74 and a 52-week high of $2.79. The company has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $2.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Ampco-Pittsburgh in a research report on Tuesday. They issued a “hold” rating for the company.

Ampco-Pittsburgh Company Profile

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.