Ampco-Pittsburgh Corporation (AP) shares are trading at higher $4.25.
To add more color to this target, the company’s high over the last year is $4.50 and the low is $1.94. Over the last 52 weeks, AP is down -5.56% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, AP reported a profit of $14.79 million. Ampco-Pittsburgh Corporation also saw revenues increase to $74.78 million. In addition, AP has free cash flow of $28.1 million as of 06-2020. The company’s EBITDA came in at $86000.0 which compares well with its peers.
AP booked profit margins of 0.80%, its Return on Equity (ROE) is 5.50%, and its Return on Assets is 0.60%. All told, it is clear that, AP needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AP has a short ratio of 3.82 and outstanding shares of 12.74M.
AP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.49. Ampco-Pittsburgh Corporation AP also noted assets of $472.45 million at the end of the last quarter. Investors should also keep an eye on sector updates as AP has historically followed its peers on positive news.
All told, Ampco-Pittsburgh Corporation AP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Ampco-Pittsburgh Corporation AP is now commanding a market cap of 52.19M and a float of 8.42M. AP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in AP, either long or short, and we have not been compensated for this article.