Ampco-Pittsburgh (NYSE:AP) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report report published on Saturday. The firm issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Shares of Ampco-Pittsburgh stock opened at $1.99 on Friday. 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 stock has a market capitalization of $39.99 million, a price-to-earnings ratio of -0.88 and a beta of 0.93. The business has a 50-day moving average of $1.90 and a 200 day moving average of $1.68. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $2.89.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AP. State Street Corp increased its position in Ampco-Pittsburgh by 92.7% in the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 35,700 shares during the period. Geode Capital Management LLC grew its stake in shares of Ampco-Pittsburgh by 38.5% in the 3rd 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, Renaissance Technologies LLC increased its holdings in shares of Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 62,593 shares during the period. Hedge funds and other institutional investors own 49.16% of the company’s stock.

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.