Ampco-Pittsburgh (NYSE:AP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Ampco-Pittsburgh Co. (NYSE:AP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.05 and traded as high as $2.08. Ampco-Pittsburgh shares last traded at $2.07, with a volume of 24,314 shares.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Ampco-Pittsburgh in a report on Saturday. They issued a “hold” rating for the company.

Ampco-Pittsburgh Trading Up 6.7 %

The business’s 50-day moving average price is $2.07 and its two-hundred day moving average price is $2.05. 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 firm has a market cap of $41.60 million, a price-to-earnings ratio of -0.92 and a beta of 0.99.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings data on Wednesday, March 12th. The industrial products company reported $0.16 EPS for the quarter. The company had revenue of $100.94 million for the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%.

Institutional Investors Weigh In On Ampco-Pittsburgh

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its position in Ampco-Pittsburgh by 92.7% during the 3rd 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 grew its holdings 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 during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Ampco-Pittsburgh by 0.5% in the 4th 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 currently 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.