DETROIT, November 3, 2019 – Shares of American Axle & Manufacturing Holdings Inc. (NYSE: AXL) showed the bullish trend with a higher momentum of 21.89% to $10.19. The company traded total volume of 8.985M shares as contrast to its average volume of 2.88M shares. The company has a market value of $1.15B and about 112.48M shares outstanding.
In the second quarter of 2019, American Axle & Manufacturing Holdings, Inc. (AAM), (AXL) reported sales of $1.70B as compared to $1.90B in the second quarter of 2018. AAM’s net income was $52.50M or $0.45 per share, as compared to $151.10M, or $1.30 per share in the second quarter of 2018. The company’s net cash provided by operating activities for the second quarter of 2019 was $217.10M.
The Company offered net profit margin of -2.90% while its gross profit margin was 13.90%. ROE was recorded as -12.50% while beta factor was 2.19. The stock, as of recent close, has shown the weekly upbeat performance of 12.72% which was maintained at -8.20% in this year.