StockNews.com Initiates Coverage on Ampco-Pittsburgh (NYSE:AP)

StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a note issued to investors on Friday. The brokerage set a “buy” rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

AP opened at $0.75 on Friday. Ampco-Pittsburgh has a 1 year low of $0.74 and a 1 year high of $4.00. The firm has a market capitalization of $14.93 million, a PE ratio of -0.34 and a beta of 0.83. 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 business’s 50-day moving average is $1.36 and its two-hundred day moving average is $2.09.

Ampco-Pittsburgh (NYSE:AP) last issued 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 return on equity of 47.00% and a negative net margin of 10.13%. The business had revenue of $110.22 million for 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.