American Axle & Manufacturing (NYSE:DCH) Sees Unusually-High Trading Volume – Time to Buy?

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) shares saw strong trading volume on Thursday . 9,899,016 shares were traded during trading, an increase of 36% from the previous session’s volume of 7,270,136 shares.The stock last traded at $8.52 and had previously closed at $8.59.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings initiated coverage on American Axle & Manufacturing in a report on Thursday, February 5th. They issued a “hold (c-)” rating for the company. Zacks Research downgraded American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

American Axle & Manufacturing Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. The stock has a market capitalization of $862.95 million, a PE ratio of 22.03 and a beta of 1.60.

American Axle & Manufacturing (NYSE:DCH) last released its earnings results on Friday, February 13th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09. The business had revenue of $1.38 billion for the quarter. American Axle & Manufacturing had a net margin of 0.72% and a return on equity of 7.92%. American Axle & Manufacturing’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.

Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.