Ampco-Pittsburgh (NYSE:AP) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report issued on Wednesday. The brokerage issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Shares of NYSE AP opened at $2.72 on Wednesday. The stock has a fifty day moving average price of $2.09 and a two-hundred day moving average price of $1.88. 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 firm has a market cap of $54.64 million, a P/E ratio of -1.20 and a beta of 0.95. Ampco-Pittsburgh has a 1 year low of $0.74 and a 1 year high of $2.79.

Ampco-Pittsburgh (NYSE:AP) last issued its quarterly earnings results on Tuesday, November 12th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%. The firm had revenue of $96.17 million for the quarter.

Institutional Investors Weigh In On Ampco-Pittsburgh

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Ampco-Pittsburgh by 92.7% during the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 35,700 shares during the last quarter. Geode Capital Management LLC lifted its position 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 valued at $304,000 after acquiring an additional 42,305 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 62,593 shares during the last quarter. Institutional investors and hedge funds 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.