American Axle & Manufacturing (NYSE:AXL) Hits New 52-Week Low – Time to Sell?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)’s share price hit a new 52-week low 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 Stock Up 0.5 %

The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The business has a 50-day simple moving average of $6.26 and a 200-day simple moving average of $6.34. The company has a market cap of $692.55 million, a PE ratio of 24.54 and a beta of 1.96.

American Axle & Manufacturing (NYSE:AXL) last announced 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. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. Equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

Institutional Trading of American Axle & Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of AXL. KBC Group NV lifted its stake in American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after buying an additional 3,211 shares in the last quarter. Quarry LP raised its holdings in shares of American Axle & Manufacturing by 159.2% during the second quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 4,851 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of American Axle & Manufacturing in the third quarter valued at approximately $62,000. Headlands Technologies LLC acquired a new stake in shares of American Axle & Manufacturing in the second quarter worth approximately $75,000. Finally, Zacks Investment Management purchased a new stake in shares of American Axle & Manufacturing during the third quarter worth approximately $70,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

About American Axle & Manufacturing

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.