Ampco-Pittsburgh Corp. (AP) Stock Price Down 6.7%
Ampco-Pittsburgh Corp. (NYSE:AP) shares fell 6.7% on Tuesday . The company traded as low as $11.88 and last traded at $11.90, with a volume of 61,935 shares changing hands. The stock had previously closed at $12.76.
A number of research firms have weighed in on AP. Canaccord Genuity reaffirmed a “hold” rating on shares of Ampco-Pittsburgh Corp. in a research note on Monday, June 20th. 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’s market cap is $145.37 million. The firm’s 50-day moving average price is $12.33 and its 200-day moving average price is $13.45.
Ampco-Pittsburgh Corp. (NYSE:AP) last posted its quarterly earnings results on Friday, May 6th. The company reported ($0.26) EPS for the quarter. The company had revenue of $63.58 million for the quarter, compared to the consensus estimate of $65.09 million. On average, equities research analysts predict that Ampco-Pittsburgh Corp. will post $3.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 18th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.03%. 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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