Traders Purchase High Volume of Call Options on American Axle & Manufacturing (NYSE:DCH)

American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) saw some unusual options trading on Friday. Traders acquired 80,765 call options on the company. This represents an increase of approximately 1,392% compared to the typical daily volume of 5,415 call options.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock traded down $1.13 during midday trading on Friday, reaching $7.30. 12,534,349 shares of the stock were exchanged, compared to its average volume of 7,745,785. American Axle & Manufacturing has a 52 week low of $3.00 and a 52 week high of $9.25. 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 firm has a market capitalization of $866.51 million, a PE ratio of 22.12 and a beta of 1.60.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings began coverage on American Axle & Manufacturing in a research note on Thursday, February 5th. They issued a “hold (c-)” rating on the stock. Zacks Research cut shares of 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 given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

About American Axle & Manufacturing

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.