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

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

Ampco-Pittsburgh Stock Performance

AP opened at $2.22 on Tuesday. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $2.79. The firm has a market capitalization of $44.51 million, a PE ratio of -0.98 and a beta of 0.66. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The firm’s 50-day moving average price is $2.03 and its 200 day moving average price is $2.07.

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

Institutional Trading of Ampco-Pittsburgh

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased 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 valued at $2,266,000 after purchasing an additional 5,020 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ampco-Pittsburgh by 38.5% in the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after buying an additional 42,305 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Ampco-Pittsburgh in the 1st quarter valued at $27,000. 49.16% of the stock is currently owned by hedge funds and other 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.