Ampco-Pittsburgh Corp (NYSE:AP) Director Carl H. Pforzheimer II Purchases 13,762 Shares of Stock

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Ampco-Pittsburgh Corp (NYSE:AP) Director Carl H. Pforzheimer II purchased 13,762 shares of Ampco-Pittsburgh stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of $2.83 per share, with a total value of $38,946.46. Following the completion of the acquisition, the director now directly owns 43,762 shares in the company, valued at $123,846.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE:AP opened at $2.87 on Wednesday. The firm has a market capitalization of $36.72 million, a price-to-earnings ratio of 4.56 and a beta of 1.35. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.53 and a quick ratio of 0.89. The business’s 50 day simple moving average is $3.21 and its 200-day simple moving average is $3.00. Ampco-Pittsburgh Corp has a 12 month low of $1.94 and a 12 month high of $4.50.

Ampco-Pittsburgh (NYSE:AP) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.17. The firm had revenue of $91.06 million during the quarter, compared to analysts’ expectations of $103.30 million. Ampco-Pittsburgh had a positive return on equity of 11.84% and a negative net margin of 0.44%. On average, equities analysts anticipate that Ampco-Pittsburgh Corp will post -0.54 earnings per share for the current year.

AP has been the subject of several research analyst reports. ValuEngine upgraded Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Zacks Investment Research downgraded shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a report on Monday, May 18th.

An institutional investor recently raised its position in Ampco-Pittsburgh stock. Morgan Stanley raised its stake in shares of Ampco-Pittsburgh Corp (NYSE:AP) by 52.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,940 shares of the industrial products company’s stock after buying an additional 5,500 shares during the quarter. Morgan Stanley owned about 0.13% of Ampco-Pittsburgh worth $40,000 at the end of the most recent reporting period. 45.87% of the stock is currently owned by institutional investors and hedge funds.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users in the United States and internationally. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing.

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