Ampco-Pittsburgh (NYSE:AP) Now Covered by Analysts at StockNews.com

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

Ampco-Pittsburgh Trading Up 3.8 %

NYSE:AP opened at $2.72 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $2.79. The business’s 50-day simple moving average is $2.09 and its 200 day simple moving average is $1.88. The stock has a market cap of $54.64 million, a price-to-earnings ratio of -1.20 and a beta of 0.95.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Tuesday, November 12th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%. The firm had revenue of $96.17 million for the quarter.

Hedge Funds Weigh In On Ampco-Pittsburgh

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Ampco-Pittsburgh by 38.5% during the third 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. State Street Corp grew its holdings in shares of 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 purchasing an additional 35,700 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Ampco-Pittsburgh by 12.7% during 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 last quarter. 49.16% of the stock is owned by 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.