Headlines about Ampco-Pittsburgh (NYSE:AP) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ampco-Pittsburgh earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 44.699670153928 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Ampco-Pittsburgh (AP) Names J. Brett McBrayer as CEO (streetinsider.com)
- Ampco-Pittsburgh announces new CEO (seekingalpha.com)
- Ampco-Pittsburgh Announces Appointment of New Chief Executive Officer (finance.yahoo.com)
- Brokerages Set $15.00 Target Price for Ampco-Pittsburgh Corp (AP) (americanbankingnews.com)
Separately, Zacks Investment Research raised Ampco-Pittsburgh from a “strong sell” rating to a “hold” rating in a research note on Friday, May 11th.
AP stock traded up $0.05 on Wednesday, reaching $10.55. The company had a trading volume of 67,922 shares, compared to its average volume of 42,153. Ampco-Pittsburgh has a 1 year low of $8.49 and a 1 year high of $18.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 1.52. The firm has a market cap of $129.80 million, a P/E ratio of -12.41 and a beta of 1.87.
Ampco-Pittsburgh (NYSE:AP) last posted its earnings results on Thursday, May 10th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Ampco-Pittsburgh had a negative return on equity of 3.02% and a negative net margin of 1.44%. The firm had revenue of $115.08 million for the quarter, compared to analyst estimates of $112.00 million. research analysts predict that Ampco-Pittsburgh will post 0.51 earnings per share for the current year.
In related news, major shareholder Louis Berkman Investment Co sold 3,800 shares of the company’s stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $11.13, for a total value of $42,294.00. Following the sale, the insider now owns 1,281,952 shares of the company’s stock, valued at approximately $14,268,125.76. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 24,398 shares of company stock worth $270,584. 29.60% of the stock is owned by corporate insiders.
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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