Media coverage about Ampco-Pittsburgh (NYSE:AP) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ampco-Pittsburgh earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 44.3456251882536 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Edited Transcript of AP earnings conference call or presentation 10-Aug-18 2:30pm GMT (finance.yahoo.com)
- Ampco-Pittsburgh (AP) Reports Q2 Loss of $0.24, Revenues Beat (streetinsider.com)
- Ampco-Pittsburgh slips 10% post Q2 result (seekingalpha.com)
- Ampco-Pittsburgh Corporation Announces Second Quarter 2018 Results (finance.yahoo.com)
- Ampco-Pittsburgh: 2Q Earnings Snapshot (finance.yahoo.com)
Several research firms have weighed in on AP. ValuEngine upgraded shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research raised shares of Ampco-Pittsburgh from a “strong sell” rating to a “hold” rating in a research note on Friday, May 11th.
Shares of AP stock traded down $1.10 on Friday, hitting $8.65. The company’s stock had a trading volume of 82,095 shares, compared to its average volume of 20,705. The company has a current ratio of 1.52, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. Ampco-Pittsburgh has a fifty-two week low of $8.49 and a fifty-two week high of $18.59. The firm has a market cap of $120.53 million, a PE ratio of -10.18 and a beta of 1.93.
Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings data on Friday, August 10th. The industrial products company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.33). The business had revenue of $127.43 million during the quarter, compared to analyst estimates of $116.00 million. Ampco-Pittsburgh had a negative net margin of 1.44% and a negative return on equity of 3.02%. analysts forecast that Ampco-Pittsburgh will post 0.51 EPS for the current fiscal year.
Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.
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