Ampco-Pittsburgh Co. (NYSE:AP) Short Interest Update

Ampco-Pittsburgh Co. (NYSE:AP) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 791,100 shares, a decrease of 5.7% from the September 15th total of 839,300 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 871,700 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, StockNews.com raised Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Hedge Funds Weigh In On Ampco-Pittsburgh

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

Ampco-Pittsburgh Trading Down 1.0 %

Shares of NYSE:AP traded down $0.02 during trading on Wednesday, hitting $1.78. The company had a trading volume of 7,738 shares, compared to its average volume of 338,448. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.98 and a quick ratio of 1.02. The stock has a market cap of $35.40 million, a price-to-earnings ratio of -0.82 and a beta of 0.84. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $3.02. The company has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $1.67.

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

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.