Initiates Coverage on Ampco-Pittsburgh (NYSE:AP)

Equities research analysts at began coverage on shares of Ampco-Pittsburgh (NYSE:APGet Free Report) in a research report issued to clients and investors on Saturday. The firm set a “buy” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Down 2.6 %

Ampco-Pittsburgh stock opened at $1.51 on Friday. The firm’s 50 day moving average price is $2.18 and its two-hundred day moving average price is $2.46. The firm has a market cap of $30.00 million, a PE ratio of -0.69 and a beta of 0.67. Ampco-Pittsburgh has a twelve month low of $1.51 and a twelve month high of $4.00. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.96 and a current ratio of 1.94.

Ampco-Pittsburgh (NYSE:APGet Free Report) last posted its earnings results on Monday, March 25th. The industrial products company reported ($2.12) earnings per share for the quarter. The company had revenue of $108.11 million for the quarter. Ampco-Pittsburgh had a negative net margin of 10.13% and a negative return on equity of 47.00%.

Ampco-Pittsburgh Company Profile

(Get Free Report)

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.

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