Ampco-Pittsburgh (NYSE:AP) Coverage Initiated by Analysts at StockNews.com

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

Ampco-Pittsburgh Stock Performance

Shares of NYSE AP opened at $2.20 on Wednesday. The company has a market cap of $44.11 million, a PE ratio of -0.97 and a beta of 1.00. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $2.79. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The company has a 50-day simple moving average of $2.22 and a 200-day simple moving average of $2.04.

Ampco-Pittsburgh (NYSE:AP) last issued its quarterly earnings results on Wednesday, March 12th. The industrial products company reported $0.16 EPS for the quarter. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%. The business had revenue of $100.94 million during the quarter.

Institutional Investors Weigh In On Ampco-Pittsburgh

Institutional investors have recently bought and sold shares of the stock. State Street Corp grew its holdings 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 valued at $148,000 after purchasing an additional 35,700 shares during the period. Geode Capital Management LLC grew 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 valued at $304,000 after purchasing an additional 42,305 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Ampco-Pittsburgh by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock valued at $2,266,000 after buying an additional 5,020 shares in the last quarter. 49.16% of the stock is currently owned by hedge funds and other 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.