Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ampco-Pittsburgh Corporation (AP) Share Price
News stories about Ampco-Pittsburgh Corporation (NYSE:AP) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ampco-Pittsburgh Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.9198517823084 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research analysts recently issued reports on the stock. ValuEngine raised shares of Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Janney Montgomery Scott raised shares of Ampco-Pittsburgh Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $22.00 in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Ampco-Pittsburgh Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
Shares of Ampco-Pittsburgh Corporation (NYSE AP) opened at 17.95 on Tuesday. The company’s market cap is $221.86 million. The firm’s 50 day moving average is $14.67 and its 200-day moving average is $14.74. Ampco-Pittsburgh Corporation has a 1-year low of $9.53 and a 1-year high of $18.25.
Ampco-Pittsburgh Corporation (NYSE:AP) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. The firm had revenue of $110.55 million for the quarter, compared to analysts’ expectations of $108.00 million. Ampco-Pittsburgh Corporation had a negative net margin of 18.73% and a negative return on equity of 25.72%. Equities analysts expect that Ampco-Pittsburgh Corporation will post ($0.48) earnings per share for the current year.
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Ampco-Pittsburgh Corporation Company Profile
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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