Ampco-Pittsburgh (NYSE:AP) Share Price Crosses Above 200-Day Moving Average of $1.76

Ampco-Pittsburgh Co. (NYSE:AP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.76 and traded as high as $2.09. Ampco-Pittsburgh shares last traded at $1.98, with a volume of 92,043 shares trading hands.

Analyst Ratings Changes

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

Ampco-Pittsburgh Stock Up 1.5 %

The stock has a market cap of $39.78 million, a PE ratio of -0.90 and a beta of 0.85. The firm has a fifty day moving average of $1.67 and a 200 day moving average of $1.76. 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 issued its quarterly earnings data on Monday, August 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $110.99 million for the quarter. Ampco-Pittsburgh had a negative return on equity of 51.75% and a negative net margin of 9.67%.

Hedge Funds Weigh In On Ampco-Pittsburgh

A hedge fund recently raised its stake in Ampco-Pittsburgh stock. Renaissance Technologies LLC lifted its holdings in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 2.80% of Ampco-Pittsburgh worth $428,000 at the end of the most recent quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.

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.