Ampco-Pittsburgh Corp. (AP) Stock Price Down 3.1%
Shares of Ampco-Pittsburgh Corp. (NYSE:AP) traded down 3.1% during trading on Thursday . The stock traded as low as $11.15 and last traded at $11.30, with a volume of 66,010 shares changing hands. The stock had previously closed at $11.66.
Several analysts have recently commented on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Ampco-Pittsburgh Corp. in a research report on Sunday, May 8th. TheStreet lowered shares of Ampco-Pittsburgh Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd.
The stock has a 50 day moving average price of $13.17 and a 200 day moving average price of $13.11. The stock’s market cap is $137.92 million.
Ampco-Pittsburgh Corp. (NYSE:AP) last posted its earnings results on Friday, May 6th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $63.58 million for the quarter, compared to analysts’ expectations of $65.09 million. Equities research analysts forecast that Ampco-Pittsburgh Corp. will post $3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Monday, July 18th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, July 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.19%.
Ampco-Pittsburgh Corporation is a producer of forged and cast rolls for the steel and aluminum industries across the world, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. The Company is a producer of air and liquid processing equipment, primarily finned tube heat exchange coils, air handling systems and centrifugal pumps.
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