News coverage about Ampco-Pittsburgh (NYSE:AP) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ampco-Pittsburgh earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 44.9883430419791 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Several equities analysts have recently weighed in on AP shares. Zacks Investment Research cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Friday, January 26th. ValuEngine cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.00.
Ampco-Pittsburgh (NYSE:AP) opened at $13.10 on Monday. Ampco-Pittsburgh has a 1-year low of $12.15 and a 1-year high of $18.59. The company has a current ratio of 1.68, a quick ratio of 0.98 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $161.93, a PE ratio of -3.09 and a beta of 1.61.
Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.15). Ampco-Pittsburgh had a negative return on equity of 13.75% and a negative net margin of 12.67%. The business had revenue of $103.89 million for the quarter, compared to the consensus estimate of $109.00 million. analysts forecast that Ampco-Pittsburgh will post -0.62 EPS for the current fiscal year.
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Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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