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

Research analysts at StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report released on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Down 0.6 %

Ampco-Pittsburgh stock opened at $2.67 on Wednesday. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $2.79. The company has a 50 day moving average of $2.11 and a 200-day moving average of $1.89. The stock has a market capitalization of $53.54 million, a PE ratio of -1.18 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57.

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

Hedge Funds Weigh In On Ampco-Pittsburgh

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position 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 grew its stake in Ampco-Pittsburgh by 38.5% during the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after buying an additional 42,305 shares in the last quarter. Finally, State Street Corp grew its stake in Ampco-Pittsburgh by 92.7% during the third 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 in the last quarter. 49.16% of the stock is owned by institutional investors.

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.