StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the industrial products company’s stock.
Ampco-Pittsburgh Price Performance
Shares of AP stock opened at $2.16 on Wednesday. The business’s fifty day moving average is $1.86 and its 200 day moving average is $1.61. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. The stock has a market cap of $43.39 million, a price-to-earnings ratio of -0.89 and a beta of 0.86. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $2.89.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in shares of Ampco-Pittsburgh by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after buying an additional 62,593 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ampco-Pittsburgh by 38.5% in the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 42,305 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Ampco-Pittsburgh by 92.7% in the third 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 last quarter. 49.16% of the stock is currently owned by institutional investors.
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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