Ampco-Pittsburgh (NYSE:AP) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Ampco-Pittsburgh Co. (NYSE:AP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.64 and traded as high as $2.13. Ampco-Pittsburgh shares last traded at $2.02, with a volume of 50,871 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Ampco-Pittsburgh in a research report on Friday. They set a “hold” rating on the stock.

Ampco-Pittsburgh Trading Down 1.0 %

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 capitalization of $40.18 million, a P/E ratio of -0.88 and a beta of 0.93. The firm’s 50-day simple moving average is $1.88 and its 200 day simple moving average is $1.64.

Institutional Investors Weigh In On Ampco-Pittsburgh

Large investors have recently modified their holdings of the stock. State Street Corp raised its stake in Ampco-Pittsburgh by 92.7% during the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 35,700 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ampco-Pittsburgh by 38.5% during the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after buying an additional 42,305 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Ampco-Pittsburgh by 12.7% during the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after buying an additional 62,593 shares during the period. 49.16% of the stock is owned by institutional investors.

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.