Ampco-Pittsburgh Corp. (AP) Trading Down 4.5%
Ampco-Pittsburgh Corp. (NYSE:AP)’s share price traded down 4.5% during mid-day trading on Friday . The company traded as low as $12.60 and last traded at $12.63, with a volume of 64,957 shares. The stock had previously closed at $13.22.
A number of equities analysts recently issued reports on the company. Canaccord Genuity reissued a “hold” rating on shares of Ampco-Pittsburgh Corp. in a report on Sunday, May 8th. TheStreet lowered Ampco-Pittsburgh Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd.
The stock has a 50-day moving average price of $12.34 and a 200-day moving average price of $13.59. The company’s market cap is $154.97 million.
Ampco-Pittsburgh Corp. (NYSE:AP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.53) EPS for the quarter. The business had revenue of $93.30 million for the quarter, compared to analysts’ expectations of $60 million. On average, equities research analysts expect that Ampco-Pittsburgh Corp. will post $3.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 18th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.36 dividend on an annualized basis and a yield of 2.85%.
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.