Revenue Update on Ampco-Pittsburgh Corp(NYSE:AP)

Ampco-Pittsburgh Corp(NYSE:AP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Earnings per share were $-0.53.

Ampco-Pittsburgh Corp (AP) made into the market gainers list on Fridays trading session with the shares advancing 3.91% or 0.48 points. Due to strong positive momentum, the stock ended at $12.76, which is also near the day’s high of $12.88. The stock began the session at $12.3 and the volume stood at 41,575 shares. The 52-week high of the shares is $19.22 and the 52 week low is $8.88. The company has a current market capitalization of $157 M and it has 1,22,70,621 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Michael G Mcauley (CFO) purchased 1,000 shares at $12.89 per share price.Also, On Mar 9, 2016, Terrence W Kenny (President,Air&Liq. Proc. Group) purchased 1,000 shares at $12.50 per share price.On Mar 9, 2016, John S Stanik (CEO) purchased 1,900 shares at $12.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Ampco-Pittsburgh Corporation operates its businesses in two segments: Forged and Cast Engineered Products and Air and Liquid Processing. Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK). Union Electric Steel produces ingot and forged products that service a variety of industries globally. Air and Liquid Processing segment includes Aerofin Buffalo Air Handling and Buffalo Pumps all divisions of Air & Liquid Systems Corporation (Air and Liquid) a wholly owned subsidiary of the Company. Aerofin produces custom-engineered finned tube heat exchange coils and related heat transfer products. Buffalo Air Handling produces custom air handling systems used in commercial institutional and industrial buildings. Buffalo Pumps manufactures a line of centrifugal pumps for the refrigeration power generation and marine defense industries.

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