Ampco-Pittsburgh (NYSE:AP) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Up 1.4 %

AP stock opened at $2.49 on Thursday. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $2.79. The stock has a market cap of $49.92 million, a price-to-earnings ratio of -1.10 and a beta of 0.95. The company has a fifty day moving average price of $2.21 and a two-hundred day moving average price of $1.94. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98.

Ampco-Pittsburgh (NYSE:AP) last announced its earnings results on Tuesday, November 12th. The industrial products company reported ($0.10) EPS for the quarter. The company had revenue of $96.17 million for the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AP. Renaissance Technologies LLC boosted its stake in shares of Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after buying an additional 62,593 shares during the period. Geode Capital Management LLC increased its stake in Ampco-Pittsburgh by 38.5% during the 3rd 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 period. Finally, State Street Corp raised its holdings in Ampco-Pittsburgh by 92.7% in the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 35,700 shares in the last quarter. 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.