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

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report published on Monday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Down 1.8 %

Shares of NYSE AP opened at $1.95 on Monday. The company’s fifty day moving average is $2.25 and its 200-day moving average is $2.04. The stock has a market cap of $39.08 million, a price-to-earnings ratio of -0.86 and a beta of 0.96. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $2.79. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57.

Hedge Funds Weigh In On Ampco-Pittsburgh

A number of hedge funds and other institutional investors have recently made changes to their positions in AP. State Street Corp boosted its position 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 worth $148,000 after purchasing an additional 35,700 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 42,305 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Ampco-Pittsburgh by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock worth $2,266,000 after acquiring an additional 5,020 shares during the period. 49.16% of the stock is 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.