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

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:APGet Rating) in a report issued on Monday morning. The firm issued a buy rating on the industrial products company’s stock.

Separately, TheStreet cut shares of Ampco-Pittsburgh from a c- rating to a d+ rating in a research note on Thursday, April 7th.

NYSE:AP opened at $5.35 on Monday. The company’s 50-day simple moving average is $6.18 and its 200-day simple moving average is $5.45. The stock has a market capitalization of $102.67 million, a P/E ratio of -7.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 1.51. Ampco-Pittsburgh has a fifty-two week low of $4.12 and a fifty-two week high of $8.19.

Ampco-Pittsburgh (NYSE:APGet Rating) last released its earnings results on Wednesday, March 16th. The industrial products company reported ($0.23) EPS for the quarter. The company had revenue of $84.51 million during the quarter. Ampco-Pittsburgh had a negative return on equity of 5.15% and a negative net margin of 3.68%.

Institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in Ampco-Pittsburgh by 251.3% during the third quarter. Barclays PLC now owns 5,824 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 4,166 shares during the period. Morgan Stanley boosted its position in Ampco-Pittsburgh by 15.3% during the third quarter. Morgan Stanley now owns 14,827 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 1,965 shares in the last quarter. Nierenberg Investment Management Company Inc. purchased a new position in Ampco-Pittsburgh during the third quarter worth approximately $412,000. Hunter Associates Investment Management LLC purchased a new position in Ampco-Pittsburgh during the third quarter worth approximately $649,000. Finally, Monarch Partners Asset Management LLC boosted its position in Ampco-Pittsburgh by 10.8% during the third quarter. Monarch Partners Asset Management LLC now owns 205,539 shares of the industrial products company’s stock worth $966,000 after purchasing an additional 19,962 shares in the last quarter. 45.83% of the stock is currently owned by hedge funds and other institutional investors.

About Ampco-Pittsburgh (Get Rating)

Ampco-Pittsburgh Corp. engages in the manufacture and sale of custom designed engineering products. It operates through the Forged and Cast Engineered Products, and Air and Liquid Processing segments. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls and open-die forged products.

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