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

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report report published on Friday morning. The firm issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Down 8.2 %

Shares of NYSE:AP opened at $2.01 on Friday. The firm has a 50 day simple moving average of $2.23 and a 200 day simple moving average of $1.97. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $2.79. 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 company has a market cap of $40.38 million, a PE ratio of -0.89 and a beta of 0.96.

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

Hedge Funds Weigh In On Ampco-Pittsburgh

Several institutional investors and hedge funds have recently bought and sold shares of AP. Renaissance Technologies LLC grew its position in Ampco-Pittsburgh by 12.7% during the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 62,593 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $304,000 after buying an additional 42,305 shares during the period. Finally, State Street Corp grew its holdings 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 in the last quarter. Hedge funds and other 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.