StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a report published on Saturday. The brokerage issued a hold rating on the industrial products company’s stock.
Ampco-Pittsburgh Trading Up 0.5 %
NYSE:AP opened at $1.99 on Friday. The stock has a market cap of $39.99 million, a price-to-earnings ratio of -0.88 and a beta of 0.93. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $2.89. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99. The business’s 50-day simple moving average is $1.90 and its 200 day simple moving average is $1.68.
Institutional Trading of Ampco-Pittsburgh
Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of 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 acquiring an additional 35,700 shares during the period. Geode Capital Management LLC grew its position in Ampco-Pittsburgh by 38.5% in the 3rd 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 increased its stake in Ampco-Pittsburgh by 12.7% during the 2nd 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. Institutional investors own 49.16% of the company’s stock.
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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