Ampco-Pittsburgh (NYSE:AP) Earns Hold Rating from Analysts at StockNews.com

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

Ampco-Pittsburgh Price Performance

Ampco-Pittsburgh stock opened at $2.15 on Thursday. The company has a market cap of $43.20 million, a price-to-earnings ratio of -0.95 and a beta of 1.00. The business’s 50 day simple moving average is $2.20 and its 200 day simple moving average is $2.05. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $2.79.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake 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 worth $2,266,000 after purchasing an additional 5,020 shares during the period. Geode Capital Management LLC boosted its position 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 acquiring an additional 42,305 shares during the period. Finally, State Street Corp grew its stake in Ampco-Pittsburgh by 92.7% during the third 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 in the last quarter. 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.