StockNews.com Begins Coverage on Ampco-Pittsburgh (NYSE:AP)

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 Stock Performance

Shares of AP stock opened at $2.19 on Wednesday. The company has a 50 day moving average price of $2.22 and a 200-day moving average price of $2.04. 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 firm has a market capitalization of $44.01 million, a PE ratio of -0.97 and a beta of 1.00. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $2.79.

Ampco-Pittsburgh (NYSE:AP) last announced its earnings results on Wednesday, March 12th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $100.94 million during the quarter. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%.

Institutional Trading of Ampco-Pittsburgh

Large investors have recently added to or reduced their stakes in the business. State Street Corp grew its position in 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 buying an additional 35,700 shares during the period. Geode Capital Management LLC grew its position in 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 during the period. Finally, Ameriprise Financial Inc. grew its position in 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 buying an additional 5,020 shares during the period. 49.16% of the stock is currently 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.