Ampco-Pittsburgh’s (AP) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Ampco-Pittsburgh (NYSE:AP) in a research report report published on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ampco-Pittsburgh has an average rating of “Sell”.

Ampco-Pittsburgh Trading Down 5.4%

Shares of AP stock opened at $2.21 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.80 and a quick ratio of 0.91. The firm has a market cap of $44.81 million, a PE ratio of -9.19 and a beta of 0.78. The company has a 50-day moving average of $2.73 and a two-hundred day moving average of $2.73. Ampco-Pittsburgh has a 1-year low of $1.61 and a 1-year high of $3.99.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Tuesday, August 12th. The industrial products company reported ($0.06) earnings per share for the quarter. The company had revenue of $113.10 million for the quarter. Ampco-Pittsburgh had a positive return on equity of 1.40% and a negative net margin of 1.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in Ampco-Pittsburgh by 2.8% in the second quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 4,339 shares during the period. Bailard Inc. boosted its stake in shares of Ampco-Pittsburgh by 59.5% in the 2nd quarter. Bailard Inc. now owns 19,934 shares of the industrial products company’s stock valued at $59,000 after buying an additional 7,434 shares during the period. Jane Street Group LLC purchased a new position in shares of Ampco-Pittsburgh in the 2nd quarter valued at about $30,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ampco-Pittsburgh in the 2nd quarter valued at about $32,000. Finally, Group One Trading LLC purchased a new position in shares of Ampco-Pittsburgh in the 2nd quarter valued at about $43,000. 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.