Ametek (AME) Stock Lower Today After Spruce Point Report

NEW YORK (TheStreet) -- Shares of Ametek were falling 4.4% to $49.94 with heavy trading volume Thursday following the release of a report from short-seller Spruce Point Capital Management, according to Bloomberg. In the report Spruce Point questioned the electric motor manufacturer's profits margins and reported earnings. Spruce Point said Ametek's EBITDA may be overstated by 400 to 600 basis points, and the company may have inventory accounting issues. Ametek may have used "highly suspect and...