Ambaco-Pittsburgh (AP, Financial) experienced a significant market shift, with its stock falling 5.48% to $1.88 per share. The trading volume reached 67,936 shares with a turnover rate of 0.34%, and the price amplitude was 5.53%.
The latest financial report indicated the company achieved a revenue of $111 million and a net profit of $2.01 million, resulting in earnings per share of $0.10. The gross profit was $18.33 million, and the price-to-earnings ratio stood at -0.89. Currently, there are no institutional ratings providing "buy," "hold," or "sell" recommendations for the stock.
Within the metal products industry, where Ambaco-Pittsburgh operates, the overall stock increase was 1.58%. Notably, Gulf Island Fabrication, Safe & Green Holdings Corp., and Tungray Technologies Inc saw significant gains. Safe & Green Holdings Corp., along with Haupai Metal Processing and Tredegar, showed notable market activity with turnover rates of 13.03%, 1.91%, and 1.42%, respectively. Tredegar, Safe & Green Holdings Corp., and Mingteng International had high trading amplitudes of 22.62%, 12.05%, and 10.00%, respectively.
Ambaco-Pittsburgh is a US-based company that manufactures and sells engineered specialty metal products and custom equipment. It operates through two segments: Forged and Cast Engineered Products and Air and Liquid Processing. The Forged and Cast Engineered Products division produces hardened steel rolls, cast rolls, and open-die forged products, mainly catering to the steel, aluminum, and other metal producers. The Air and Liquid Processing division includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. Most of the company's revenue is generated from the Forged and Cast Engineered Products segment, with operations in the US and various other regions.
