Ampco-Pittsburgh (NYSE:AP) Issues Earnings Results

Ampco-Pittsburgh (NYSE:AP) announced its earnings results on Wednesday. The industrial products company reported $0.16 earnings per share 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 Stock Performance

NYSE:AP traded down $0.05 during mid-day trading on Wednesday, reaching $1.80. The company’s stock had a trading volume of 35,815 shares, compared to its average volume of 31,656. The firm’s fifty day moving average price is $2.24 and its two-hundred day moving average price is $2.04. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The stock has a market cap of $36.07 million, a P/E ratio of -0.79 and a beta of 1.00. Ampco-Pittsburgh has a 12-month low of $0.74 and a 12-month high of $2.79.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Ampco-Pittsburgh in a report on Tuesday. They issued a “hold” rating on the stock.

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.