Ampco-Pittsburgh (NYSE:AP) Coverage Initiated at StockNews.com

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

Ampco-Pittsburgh Stock Up 3.6 %

Shares of NYSE AP opened at $2.43 on Tuesday. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $2.77. The business has a 50-day simple moving average of $2.02 and a two-hundred day simple moving average of $1.82. 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 company has a market cap of $48.73 million, a P/E ratio of -1.07 and a beta of 0.95.

Institutional Trading of Ampco-Pittsburgh

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in shares of 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. Geode Capital Management LLC raised its holdings in shares of Ampco-Pittsburgh by 38.5% in the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 42,305 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Ampco-Pittsburgh by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 62,593 shares in the last quarter. 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.