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AP Crosses Below Key Price/Book Valuation Level

By Market News Video Staff, Wednesday, September 28, 12:36 PM ET
Now Playing: The Importance of Book Value


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In trading on Wednesday, shares of Ampco-Pittsburgh Corp. (NYSE:AP) crossed below their last reported book value — defined as common shareholder equity per share — of $20.68, changing hands as low as $20.64 per share. Ampco-Pittsburgh Corp. shares are currently trading down about 4.5% on the day. The chart below shows the one year performance of AP shares, versus its 50 and 200 day moving averages:

Ampco-Pittsburgh Corp. Moving Averages Chart

Looking at the chart above, AP's low point in its 52 week range is $17.75 per share, with $29.84 as the 52 week high point — that compares with a last trade of $20.94.

AP operates in the Industrial Machinery & Equipment sector, among companies like Barnes Group Inc. (NYSE:B) which is down about 2% today, and Applied Industrial Technologies, Inc. (NYSE:AIT) trading lower by about 1.8%. Below is a three month price history chart comparing the stock performance of AP, versus B and AIT.

AP,B,AIT Relative Performance Chart


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This Article's Word Cloud:   Ampco   Barnes   Below   Book   Corp   Industrial   Investment   NYSE   Pittsburgh   Portfolio   Value   Wednesday   about   allows   among   asset   below   bonds   book   chart   classes   common   companies   completely   currently   designed   down   growth   hands   history   last   operates   performance   point   portfolio   price   range   raquo   share   shareholder   shares   short   slideshow   stocks   terms   trading   versus   week   with   year
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