Ampco-Pittsburgh Corp. (AP) Shares Gap Up to $11.06
Shares of Ampco-Pittsburgh Corp. (NYSE:AP) gapped up prior to trading on Tuesday . The stock had previously closed at $11.04, but opened at $11.06. Ampco-Pittsburgh Corp. shares last traded at $11.12, with a volume of 13,418 shares trading hands.
Several analysts have recently weighed in on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Ampco-Pittsburgh Corp. in a research note on Sunday, May 8th. TheStreet lowered shares of Ampco-Pittsburgh Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd.
The stock’s 50 day moving average is $12.28 and its 200-day moving average is $13.70. The firm’s market capitalization is $136.44 million.
Ampco-Pittsburgh Corp. (NYSE:AP) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.53) earnings per share (EPS) for the quarter. The business earned $93.30 million during the quarter, compared to analyst estimates of $60 million. On average, analysts forecast that Ampco-Pittsburgh Corp. will post $3.43 earnings per share for the current year.
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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