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

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report sent to investors on Thursday. The firm issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

NYSE:AP opened at $2.03 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.02 and a debt-to-equity ratio of 1.63. Ampco-Pittsburgh has a 12-month low of $1.99 and a 12-month high of $4.00. The stock’s 50 day moving average price is $2.33 and its two-hundred day moving average price is $2.52. The firm has a market capitalization of $40.34 million, a price-to-earnings ratio of -1.00 and a beta of 0.67.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, March 25th. The industrial products company reported ($2.12) earnings per share for the quarter. Ampco-Pittsburgh had a negative net margin of 9.45% and a negative return on equity of 38.27%. The business had revenue of $108.11 million during 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 (FCEG); and Air and Liquid Processing (ALP) segments.