AP (AP) Stock Dips Amidst Volatile Trading in Metal Products Sector

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Dec 17, 2024

AP (AP, Financial) experienced a significant stock price drop of 6.02%, trading at $1.92 with a volume of 26,720 shares. The company's latest financial report showed a revenue of $96.17 million, a net loss of $1.96 million, and an earnings per share of -$0.10. The stock's price-to-earnings ratio stands at -0.87, with no current institutional ratings.

In the metal products industry, where AP operates, the sector saw an overall decline of 1.07%. Notable performers included Techprecision Corporation and MingTang International, while AP, Techprecision Corporation, and Carpenter Technology exhibited significant price fluctuations.

AP specializes in engineered specialty metal products and custom equipment, primarily through its forging and casting engineering products division, contributing most of its revenue. The company operates in the U.S. and internationally.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.