Ampco-Pittsburgh (NYSE:AP) Share Price Crosses Above 200 Day Moving Average of $1.73

Shares of Ampco-Pittsburgh Co. (NYSE:AP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.73 and traded as high as $2.10. Ampco-Pittsburgh shares last traded at $2.02, with a volume of 38,077 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Ampco-Pittsburgh Stock Down 1.9 %

The firm has a 50 day moving average price of $1.79 and a 200-day moving average price of $1.73. The company has a current ratio of 1.98, a quick ratio of 1.02 and a debt-to-equity ratio of 1.72. The firm has a market cap of $40.58 million, a PE ratio of -0.92 and a beta of 0.85.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Monday, August 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $110.99 million during the quarter. Ampco-Pittsburgh had a negative return on equity of 51.75% and a negative net margin of 9.67%.

Institutional Investors Weigh In On Ampco-Pittsburgh

An institutional investor recently raised its position in Ampco-Pittsburgh stock. Renaissance Technologies LLC grew its stake in Ampco-Pittsburgh Co. (NYSE:AP) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 556,396 shares of the industrial products company’s stock after purchasing an additional 62,593 shares during the period. Renaissance Technologies LLC owned approximately 2.80% of Ampco-Pittsburgh worth $428,000 at the end of the most recent reporting period. 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.