American Axle & Manufacturing (NYSE:DCH) Sees Strong Trading Volume – What’s Next?

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:DCH) saw unusually-strong trading volume on Thursday . Approximately 9,899,016 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 7,270,136 shares.The stock last traded at $8.52 and had previously closed at $8.59.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DCH. Zacks Research downgraded shares of American Axle & Manufacturing from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Weiss Ratings initiated coverage on American Axle & Manufacturing in a report on Thursday, February 5th. They issued a “hold (c-)” rating for the company. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

American Axle & Manufacturing Price Performance

The company has a market cap of $862.95 million, a price-to-earnings ratio of 22.03 and a beta of 1.60. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61.

American Axle & Manufacturing (NYSE:DCH) last issued its earnings results on Friday, February 13th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. The firm had revenue of $1.38 billion during the quarter. American Axle & Manufacturing had a return on equity of 7.92% and a net margin of 0.72%.The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS.

About American Axle & Manufacturing

American Axle & Manufacturing is a U.S.-based designer, engineer and manufacturer of driveline and drivetrain systems and components for the automotive and light- and heavy-vehicle markets. The company produces a range of mechanical and electromechanical products including axles, driveshafts, differential systems, halfshafts, transmission components, and related sealing and suspension parts. Its product portfolio serves passenger cars, light trucks, commercial vehicles and off-highway applications.

Beyond component manufacturing, the company provides integrated engineering services such as product development, testing and system integration to help vehicle manufacturers meet performance, weight and fuel-economy targets.