Ampco-Pittsburgh (NYSE:AP) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Ampco-Pittsburgh Co. (NYSE:AP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.62 and traded as high as $1.93. Ampco-Pittsburgh shares last traded at $1.88, with a volume of 108,764 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Ampco-Pittsburgh Stock Performance

The stock has a fifty day moving average of $1.89 and a 200-day moving average of $1.62. The firm has a market capitalization of $37.77 million, a P/E ratio of -0.89 and a beta of 0.86. The company has a quick ratio of 1.02, a current ratio of 1.98 and a debt-to-equity ratio of 1.72.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Monday, August 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $110.99 million for the quarter. Ampco-Pittsburgh had a negative net margin of 9.67% and a negative return on equity of 51.75%.

Institutional Investors Weigh In On Ampco-Pittsburgh

An institutional investor recently raised its position in Ampco-Pittsburgh stock. Renaissance Technologies LLC increased its position in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 556,396 shares of the industrial products company’s stock after buying an additional 62,593 shares during the period. Renaissance Technologies LLC owned 2.80% of Ampco-Pittsburgh worth $428,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 49.16% of the company’s stock.

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.