Do Traders Think Ampco-Pittsburgh Corp (AP) Can Keep Climbing Monday?

Ampco-Pittsburgh Corp (AP) stock has gained 20.51% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Ampco-Pittsburgh Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AP!

See Full AP Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AP Stock Today?

Ampco-Pittsburgh Corp (AP) stock is trading at $3.29 as of 9:55 AM on Monday, May 22, an increase of $0.22, or 7.16% from the previous closing price of $3.07. The stock has traded between $3.07 and $3.29 so far today. Volume today is below average. So far 5,293 shares have traded compared to average volume of 21,836 shares. To see InvestorsObserver's Sentiment Score for Ampco-Pittsburgh Corp click here.

More About Ampco-Pittsburgh Corp

Ampco-Pittsburgh Corp is a US-based company engaged in manufacturing and selling of engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the US and other countries. Click Here to get the full Stock Report for Ampco-Pittsburgh Corp stock.