Ampco-Pittsburgh (NYSE:AP) Earns Hold Rating from Analysts at StockNews.com

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

Ampco-Pittsburgh Trading Up 1.7 %

NYSE:AP opened at $2.12 on Thursday. The company has a 50-day moving average price of $2.21 and a 200-day moving average price of $2.05. The stock has a market cap of $42.50 million, a price-to-earnings ratio of -0.94 and a beta of 1.00. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $2.79.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State Street Corp increased its position in 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 buying an additional 35,700 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of 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 acquiring an additional 5,020 shares in the last quarter. 49.16% of the stock is currently owned by 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.