Ampco-Pittsburgh (NYSE:AP) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Ampco-Pittsburgh Co. (NYSE:AP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.06 and traded as high as $2.18. Ampco-Pittsburgh shares last traded at $2.14, with a volume of 24,780 shares trading hands.

Wall Street Analyst Weigh In

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

Ampco-Pittsburgh Trading Down 13.4 %

The company’s 50-day moving average is $2.14 and its 200 day moving average is $2.06. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The firm has a market cap of $37.78 million, a PE ratio of -0.83 and a beta of 0.99.

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

Hedge Funds Weigh In On Ampco-Pittsburgh

Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings 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 worth $2,266,000 after acquiring an additional 5,020 shares in the last quarter. State Street Corp increased its position in Ampco-Pittsburgh by 92.7% in the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 35,700 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake 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 worth $304,000 after purchasing an additional 42,305 shares in the last quarter. Institutional investors and hedge funds 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.