Ampco-Pittsburgh Corp. (AP) Stock Price Down 3.1%
Shares of Ampco-Pittsburgh Corp. (NYSE:AP) fell 3.1% during mid-day trading on Thursday . The stock traded as low as $11.15 and last traded at $11.30, with a volume of 66,010 shares. The stock had previously closed at $11.66.
Several research firms have issued reports on AP. Canaccord Genuity restated a “hold” rating on shares of Ampco-Pittsburgh Corp. in a report on Sunday, May 8th. TheStreet upgraded Ampco-Pittsburgh Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th.
The firm’s 50-day moving average is $13.11 and its 200-day moving average is $13.13. The firm’s market cap is $145.61 million.
Ampco-Pittsburgh Corp. (NYSE:AP) last announced its earnings results on Friday, May 6th. The company reported ($0.26) EPS for the quarter. The firm earned $63.58 million during the quarter, compared to the consensus estimate of $65.09 million. Equities analysts forecast that Ampco-Pittsburgh Corp. will post $3.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Monday, July 18th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, July 14th.
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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