American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $5.43 and last traded at $5.44, with a volume of 508643 shares trading hands. The stock had previously closed at $5.55.
American Axle & Manufacturing Price Performance
The firm has a market capitalization of $638.46 million, a price-to-earnings ratio of 22.63 and a beta of 1.96. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The business has a 50-day moving average price of $6.26 and a two-hundred day moving average price of $6.35.
American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned ($0.11) earnings per share. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Barclays PLC grew its position in American Axle & Manufacturing by 274.4% in the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company's stock valued at $1,234,000 after buying an additional 146,430 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Axle & Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company's stock valued at $16,411,000 after acquiring an additional 21,054 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of American Axle & Manufacturing in the third quarter valued at approximately $222,000. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing during the third quarter valued at approximately $62,000. Finally, Zacks Investment Management bought a new stake in American Axle & Manufacturing during the third quarter worth approximately $70,000. 91.41% of the stock is owned by institutional investors and hedge funds.
About American Axle & Manufacturing
(
Get Free Report)
American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.
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