Ampco-Pittsburgh (NYSE:AP) Share Price Passes Above Two Hundred Day Moving Average of $1.76

Ampco-Pittsburgh Co. (NYSE:AP) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.76 and traded as high as $2.09. Ampco-Pittsburgh shares last traded at $1.98, with a volume of 92,043 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Ampco-Pittsburgh Stock Up 1.5 %

The company has a market cap of $39.78 million, a price-to-earnings ratio of -0.90 and a beta of 0.85. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.02 and a current ratio of 1.98. The business has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $1.76.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Monday, August 12th. The industrial products company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $110.99 million for the quarter. Ampco-Pittsburgh had a negative net margin of 9.67% and a negative return on equity of 51.75%.

Institutional Investors Weigh In On Ampco-Pittsburgh

An institutional investor recently raised its position in Ampco-Pittsburgh stock. Renaissance Technologies LLC boosted its position in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 556,396 shares of the industrial products company’s stock after buying an additional 62,593 shares during the period. Renaissance Technologies LLC owned 2.80% of Ampco-Pittsburgh worth $428,000 as of its most recent SEC filing. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Company Profile

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.