Ampco-Pittsburgh Stock Today

AP
 Stock
  

USD 3.19  0.03  0.93%   

Market Performance
0 of 100
Odds Of Distress
Less than 50
Ampco-Pittsburgh is selling at 3.19 as of the 29th of November 2022; that is -0.93 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 3.14. Ampco-Pittsburgh has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Ampco-Pittsburgh Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of September 2022 and ending today, the 29th of November 2022. Click here to learn more.
CUSIP
032037103
Fiscal Year End
December
Business Domain
Materials
IPO Date
19th of July 1984
Category
Industrials
Classification
Materials
Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products and Air and Liquid Processing. The company has 19.09 M outstanding shares of which 610.48 K shares are presently sold short in the market by investors with about 56.54 days to cover all shorted shares. More on Ampco-Pittsburgh Corp

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Ampco-Pittsburgh Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ampco-Pittsburgh's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ampco-Pittsburgh or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ampco-Pittsburgh generated a negative expected return over the last 90 days
Ampco-Pittsburgh has high historical volatility and very poor performance
Ampco-Pittsburgh has high likelihood to experience some financial distress in the next 2 years
The company generated the yearly revenue of 362.7 M. Annual Net Loss to common stockholders was (11.88 M) with gross profit of 57.28 M.
Ampco-Pittsburgh Corp reports about 7.37 M in cash with (36.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Roughly 56.0% of the company shares are held by institutions such as insurance companies
CEOJ McBrayer
Average Analyst Recommendation
Analysts covering Ampco-Pittsburgh report their recommendations after researching Ampco-Pittsburgh's financial statements, talking to executives and customers, or listening in on Ampco-Pittsburgh's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ampco-Pittsburgh Corp. The Ampco-Pittsburgh consensus assessment is calculated by taking the average forecast from all of the analysts covering Ampco-Pittsburgh.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Ampco-Pittsburgh Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Ampco-Pittsburgh Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted15.1 M19 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares15.1 M19 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets(2.89)(2.6759)
Significantly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations(16.3 M)(15.9 M)
Fairly Down
Decreasing
Slightly volatile
Current Liabilities112.3 M125 M
Moderately Down
Increasing
Slightly volatile
Total Liabilities368.6 M403.1 M
Significantly Down
Increasing
Slightly volatile
Gross Margin20.5616.607
Fairly Up
Decreasing
Slightly volatile
Total Debt57.6 M65 M
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.650.727
Moderately Down
Increasing
Slightly volatile
Current Assets225.8 M188.3 M
Fairly Up
Decreasing
Slightly volatile
Total Assets559.3 M485.6 M
Fairly Up
Decreasing
Very volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ampco-Pittsburgh's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellUndervalued
Financial Strength
Ampco-Pittsburgh's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ampco-Pittsburgh's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ampco-Pittsburgh's financial leverage. It provides some insight into what part of Ampco-Pittsburgh's total assets is financed by creditors.
Share Download
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By using current balance sheet information, investors can analyze the liability, assets, and equity on Ampco-Pittsburgh's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Ampco-Pittsburgh deploys its capital and how much of that capital is borrowed.
Liquidity
Ampco-Pittsburgh cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 93.57 M of total liabilities with total debt to equity ratio (D/E) of 1.12, which is normal for its line of buisiness. Ampco-Pittsburgh Corp has a current ratio of 1.64, which is generally considered normal. Debt can assist Ampco-Pittsburgh until it has trouble settling it off, either with new capital or with free cash flow. So, Ampco-Pittsburgh's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ampco-Pittsburgh Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ampco-Pittsburgh to invest in growth at high rates of return. When we think about Ampco-Pittsburgh's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(16.28 Million)
Ampco-Pittsburgh Corp (AP) is traded on New York Stock Exchange in USA and employs 1,485 people. The company currently falls under 'Micro-Cap' category with market capitalization of 60.91 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ampco-Pittsburgh's market, we take the total number of its shares issued and multiply it by Ampco-Pittsburgh's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Ampco-Pittsburgh Corp is active under Industrials sector as part of Metal Fabrication industry. The entity has 19.09 M outstanding shares of which 610.48 K shares are presently sold short in the market by investors with about 56.54 days to cover all shorted shares. Ampco-Pittsburgh Corp reports about 7.37 M in cash with (36.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Check Ampco-Pittsburgh Probability Of Bankruptcy
Ownership
Ampco-Pittsburgh Corp retains a total of 19.09 Million outstanding shares. Over half of Ampco-Pittsburgh Corp outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Ampco-Pittsburgh. Please watch out for any change in the institutional holdings of Ampco-Pittsburgh Corp as this could mean something significant has changed or about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Ampco-Pittsburgh Ownership Details

Ampco-Pittsburgh Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Ampco-Pittsburgh jumping above the current price in 90 days from now is about 78.02%. The Ampco-Pittsburgh Corp probability density function shows the probability of Ampco-Pittsburgh stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon Ampco-Pittsburgh has a beta of 0.3826. This suggests as returns on the market go up, Ampco-Pittsburgh average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ampco-Pittsburgh Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ampco-Pittsburgh Corp is significantly underperforming DOW.
  Odds Below 3.19HorizonTargetOdds Above 3.19
21.89%90 days
 3.19 
78.02%
Based on a normal probability distribution, the odds of Ampco-Pittsburgh to move above the current price in 90 days from now is about 78.02 (This Ampco-Pittsburgh Corp probability density function shows the probability of Ampco-Pittsburgh Stock to fall within a particular range of prices over 90 days) .

Ampco-Pittsburgh Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Ampco-Pittsburgh that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ampco-Pittsburgh's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ampco-Pittsburgh's value.
InstituionSecurity TypeTotal SharesValue
Zacks Investment ManagementCommon Shares10.2 K91 K
Yakira Capital Management IncWarrants11.4 KK
Wfg Advisors LpCommon Shares500K
View Ampco-Pittsburgh Diagnostics

Ampco-Pittsburgh Historical Income Statement

Ampco-Pittsburgh Corp Income Statement is one of the three primary financial statements used for reporting Ampco-Pittsburgh's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ampco-Pittsburgh Corp revenue and expense. Ampco-Pittsburgh Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Ampco-Pittsburgh Cost of Revenue is very stable at the moment as compared to the past year. Ampco-Pittsburgh reported last year Cost of Revenue of 287.64 Million. As of 29th of November 2022, Net Loss Income from Discontinued Operations is likely to grow to about 11.1 M, while Earning Before Interest and Taxes EBIT is likely to drop (7.3 M). View More Fundamentals

Ampco-Pittsburgh Stock Against Markets

Picking the right benchmark for Ampco-Pittsburgh stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ampco-Pittsburgh stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ampco-Pittsburgh is critical whether you are bullish or bearish towards Ampco-Pittsburgh Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ampco-Pittsburgh without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ampco-Pittsburgh Corporate Directors

Ampco-Pittsburgh corporate directors refer to members of an Ampco-Pittsburgh board of directors. The board of directors generally takes responsibility for the Ampco-Pittsburgh's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ampco-Pittsburgh's board members must vote for the resolution. The Ampco-Pittsburgh board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael German - Independent DirectorProfile
Paul Gould - Independent DirectorProfile
Laurence Paul - Independent DirectorProfile
Stephen Paul - Independent DirectorProfile

Invested in Ampco-Pittsburgh Corp?

The danger of trading Ampco-Pittsburgh Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ampco-Pittsburgh is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ampco-Pittsburgh. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ampco-Pittsburgh Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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Is Ampco-Pittsburgh's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ampco-Pittsburgh. If investors know Ampco-Pittsburgh will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ampco-Pittsburgh listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.60) 
Market Capitalization
62.5 M
Quarterly Revenue Growth YOY
0.23
Return On Assets
0.0042
Return On Equity
(0.11) 
The market value of Ampco-Pittsburgh Corp is measured differently than its book value, which is the value of Ampco-Pittsburgh that is recorded on the company's balance sheet. Investors also form their own opinion of Ampco-Pittsburgh's value that differs from its market value or its book value, called intrinsic value, which is Ampco-Pittsburgh's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ampco-Pittsburgh's market value can be influenced by many factors that don't directly affect Ampco-Pittsburgh's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ampco-Pittsburgh's value and its price as these two are different measures arrived at by different means. Investors typically determine Ampco-Pittsburgh value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ampco-Pittsburgh's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.