StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a report released on Monday morning. The brokerage issued a hold rating on the industrial products company’s stock.
Ampco-Pittsburgh Price Performance
AP opened at $1.95 on Monday. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $2.79. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The company’s 50 day simple moving average is $2.25 and its 200-day simple moving average is $2.04. The stock has a market capitalization of $39.08 million, a P/E ratio of -0.86 and a beta of 0.96.
Institutional Trading of Ampco-Pittsburgh
Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake 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 purchasing an additional 42,305 shares during the last quarter. State Street Corp grew its stake in shares of Ampco-Pittsburgh by 92.7% during the third 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 last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Ampco-Pittsburgh by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock valued at $2,266,000 after purchasing an additional 5,020 shares during the last quarter. 49.16% of the stock is owned by institutional investors.
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.
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