StockNews.com Initiates Coverage on Ampco-Pittsburgh (NYSE:AP)

Stock analysts at StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report issued on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Up 1.5 %

Ampco-Pittsburgh stock opened at $1.98 on Friday. 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 firm has a market cap of $39.79 million, a P/E ratio of -0.88 and a beta of 0.93. The business has a fifty day moving average of $1.90 and a two-hundred day moving average of $1.67. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $2.89.

Institutional Trading of Ampco-Pittsburgh

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings 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 purchasing an additional 62,593 shares during the period. Geode Capital Management LLC boosted its position in 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 valued at $304,000 after buying an additional 42,305 shares during the last quarter. Finally, State Street Corp increased 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 worth $148,000 after buying an additional 35,700 shares during the period. 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.