Ampco-Pittsburgh (NYSE:AP) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research note released on Wednesday morning. The firm issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Up 0.7 %

NYSE:AP opened at $2.69 on Wednesday. The company’s 50 day moving average price is $2.13 and its 200-day moving average price is $1.90. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $2.79. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. The stock has a market cap of $54.04 million, a price-to-earnings ratio of -1.19 and a beta of 0.95.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Tuesday, November 12th. The industrial products company reported ($0.10) EPS for the quarter. The firm had revenue of $96.17 million for the quarter. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AP. Renaissance Technologies LLC raised its position in Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 62,593 shares during the period. State Street Corp raised its position in Ampco-Pittsburgh by 92.7% in the third quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 35,700 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Ampco-Pittsburgh by 38.5% during the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 42,305 shares during the period. Institutional investors own 49.16% of the company’s stock.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.