Ampco-Pittsburgh (NYSE:AP) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Ampco-Pittsburgh Corporation (NYSE:AP)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.47 and traded as high as $10.58. Ampco-Pittsburgh shares last traded at $10.3350, with a volume of 138,552 shares.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ampco-Pittsburgh in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Ampco-Pittsburgh Stock Up 0.6%

The firm’s fifty day moving average price is $8.34 and its two-hundred day moving average price is $5.47. The stock has a market cap of $210.11 million, a price-to-earnings ratio of -3.17 and a beta of 0.88. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.84 and a quick ratio of 1.04.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Monday, March 16th. The industrial products company reported ($0.17) earnings per share for the quarter. Ampco-Pittsburgh had a negative net margin of 15.22% and a negative return on equity of 3.83%. The company had revenue of $104.37 million for the quarter.

Insider Buying and Selling at Ampco-Pittsburgh

In other Ampco-Pittsburgh news, CEO Brett Mcbrayer bought 7,500 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $6.67 per share, for a total transaction of $50,025.00. Following the acquisition, the chief executive officer directly owned 585,731 shares of the company’s stock, valued at approximately $3,906,825.77. The trade was a 1.30% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in shares of Ampco-Pittsburgh in the 1st quarter worth about $118,000. Ritholtz Wealth Management acquired a new stake in shares of Ampco-Pittsburgh in the 1st quarter worth about $798,000. Marshall Wace LLP acquired a new stake in shares of Ampco-Pittsburgh in the 4th quarter worth about $1,110,000. State Street Corp increased its stake in Ampco-Pittsburgh by 7.9% in the 4th quarter. State Street Corp now owns 80,116 shares of the industrial products company’s stock valued at $427,000 after buying an additional 5,900 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Ampco-Pittsburgh in the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 49.16% of the company’s stock.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.