Equities researchers at StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP – Get Free Report) in a note issued to investors on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.
Ampco-Pittsburgh Stock Performance
Shares of AP opened at $2.16 on Tuesday. The company’s 50 day moving average price is $2.00 and its 200 day moving average price is $1.80. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $2.77. The company has a market capitalization of $43.40 million, a PE ratio of -0.96 and a beta of 0.95. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its position in 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 in the last quarter. Geode Capital Management LLC grew its position 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, Renaissance Technologies LLC grew its position in Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 62,593 shares in the last quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.
Ampco-Pittsburgh Company Profile
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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