Ampco-Pittsburgh Corp. (AP) Stock Price Down 4.5%
Ampco-Pittsburgh Corp. (NYSE:AP) shares were down 4.5% during trading on Friday . The stock traded as low as $12.60 and last traded at $12.63, with a volume of 64,957 shares traded. The stock had previously closed at $13.22.
Several research analysts have commented on AP shares. Canaccord Genuity reaffirmed a “hold” rating on shares of Ampco-Pittsburgh Corp. in a research report on Monday, June 20th. TheStreet lowered Ampco-Pittsburgh Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd.
The stock’s market cap is $154.97 million. The company has a 50-day moving average of $12.34 and a 200-day moving average of $13.59.
Ampco-Pittsburgh Corp. (NYSE:AP) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.53) EPS for the quarter. The business earned $93.30 million during the quarter, compared to the consensus estimate of $60 million. On average, equities research analysts expect that Ampco-Pittsburgh Corp. will post $3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Monday, July 18th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was 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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