Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ampco-Pittsburgh (AP) Stock Price

News coverage about Ampco-Pittsburgh (NYSE:AP) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ampco-Pittsburgh earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 44.3456251882536 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts have commented on the company. ValuEngine upgraded Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded Ampco-Pittsburgh from a “strong sell” rating to a “hold” rating in a research note on Friday, May 11th.

Ampco-Pittsburgh traded down $1.10, reaching $8.65, during midday trading on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 82,095 shares, compared to its average volume of 20,705. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 1.52. Ampco-Pittsburgh has a 52-week low of $8.49 and a 52-week high of $18.59. The stock has a market cap of $120.53 million, a PE ratio of -10.18 and a beta of 1.93.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings results on Friday, August 10th. The industrial products company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.33). Ampco-Pittsburgh had a negative net margin of 1.44% and a negative return on equity of 3.02%. The business had revenue of $127.43 million during the quarter, compared to analysts’ expectations of $116.00 million. sell-side analysts predict that Ampco-Pittsburgh will post 0.51 EPS for the current fiscal year.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.

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Insider Buying and Selling by Quarter for Ampco-Pittsburgh (NYSE:AP)

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