Ampco-Pittsburgh (NYSE:AP) Earns Hold Rating from Analysts at StockNews.com

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

Ampco-Pittsburgh Stock Performance

Shares of AP opened at $2.22 on Friday. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $2.79. The company has a 50-day moving average of $2.24 and a two-hundred day moving average of $1.96. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The stock has a market cap of $44.51 million, a price-to-earnings ratio of -0.98 and a beta of 0.96.

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

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of institutional investors have recently bought and sold shares of the business. State Street Corp increased 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 purchasing an additional 35,700 shares during the period. Geode Capital Management LLC grew its position 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 valued at $304,000 after purchasing an additional 42,305 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in 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 buying an additional 62,593 shares during the period. 49.16% of the stock is currently owned by institutional investors and hedge funds.

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.