Ampco-Pittsburgh Corp. (AP) Trading Up 4.3%
Shares of Ampco-Pittsburgh Corp. (NYSE:AP) were up 4.3% on Tuesday . The stock traded as high as $12.98 and last traded at $12.73, with a volume of 68,846 shares. The stock had previously closed at $12.21.
Several analysts have recently weighed in on AP shares. TheStreet upgraded shares of Ampco-Pittsburgh Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Canaccord Genuity reiterated a “hold” rating on shares of Ampco-Pittsburgh Corp. in a research report on Sunday, May 8th.
The firm’s market capitalization is $155.51 million. The company’s 50 day moving average is $12.47 and its 200-day moving average is $13.33.
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 company had revenue of $63.58 million for the quarter, compared to analysts’ expectations of $65.09 million. 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. Investors of record on Monday, July 18th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend 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.