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

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

Ampco-Pittsburgh Stock Performance

Ampco-Pittsburgh stock opened at $2.16 on Wednesday. Ampco-Pittsburgh has a 12-month low of $0.74 and a 12-month high of $2.89. The stock has a 50-day simple moving average of $1.86 and a 200 day simple moving average of $1.61. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $43.40 million, a price-to-earnings ratio of -0.96 and a beta of 0.86.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Ampco-Pittsburgh by 92.7% during the third 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 during the period. Geode Capital Management LLC raised its holdings 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 purchasing an additional 42,305 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Ampco-Pittsburgh by 12.7% during the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 62,593 shares during the period. 49.16% of the stock is currently owned by 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.