AP Stock Summary and Trading Ideas (Ampco-Pittsburgh | NYSE:AP)

Ampco-Pittsburgh Corp is a U.S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the United States and other countries.

Ampco-Pittsburgh trades on the NYSE stock market under the symbol AP.

As of April 23, 2024, AP stock price declined to $2.15 with 16,370 million shares trading.

AP has a beta of 0.65, meaning it tends to be less sensitive to market movements. AP has a correlation of 0.02 to the broad based SPY ETF.

AP has a market cap of $42.71 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AP stock traded as high as $8.19 and as low as $2.09.

The top ETF exchange traded funds that AP belongs to (by Net Assets): VTI, VXF, DFAT, DFAC, IWC.

AP has underperformed the market in the last year with a price return of -29.0% while the SPY ETF gained +24.3%. AP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.2% and -6.9%, respectively, while the SPY returned +4.6% and -2.6%, respectively.

AP support price is $2.12 and resistance is $2.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AP stock will trade within this expected range on the day.