(AP) Ampco-Pittsburgh - Ratings and Ratios

Ampco-Pittsburgh Corporation (NYSE:AP) is a specialty metal products manufacturer and supplier of customized equipment, serving industrial and commercial clients globally. Established in 1929 and headquartered in Carnegie, Pennsylvania, the company operates through two primary segments: Forged and Cast Engineered Products (FCEP) and Air and Liquid Processing (ALP). The FCEP segment specializes in producing high-performance forged and cast steel rolls for various metal production mills, including cold rolling, hot strip, and plate mills, as well as forged engineered products for aluminum and steel processing. The ALP segment focuses on custom-engineered heat transfer solutions, air handling systems, and centrifugal pumps for industries such as power generation, marine defense, and industrial manufacturing.

From a technical perspective, AP shares have shown recent bearish momentum, with the 20-day SMA (2.07) and 50-day SMA (2.23) both above the current price of 1.97. The 200-day SMA (1.80) indicates potential support near current levels. Average trading volume over the past 20 days is 30,578 shares, with an ATR of 0.17, suggesting moderate volatility. Fundamental analysis highlights a market cap of $40.19M, with a forward P/E of 29.41, reflecting expectations of future earnings growth despite a current P/E of 0.00 and a negative RoE of -72.54. The P/B ratio of 0.66 and P/S of 0.09 suggest undervaluation relative to book value and sales.

Over the next three months, AP shares are likely to face resistance at the 50-day SMA (2.23) and support near the 200-day SMA (1.80). If the stock breaks above 2.23, it could test higher resistance levels, potentially reaching 2.50. Conversely, a drop below 1.80 may lead to further downside, targeting 1.50. The ATR of 0.17 suggests daily price fluctuations will remain moderate. Fundamental trends, including the companys ability to improve profitability and reduce losses, will be critical drivers of share price movement during this period.