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

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Up 1.4 %

NYSE:AP opened at $2.19 on Wednesday. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $2.79. The stock has a market cap of $44.01 million, a price-to-earnings ratio of -0.97 and a beta of 1.00. The company has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.04. 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 (NYSE:AP) last issued its quarterly earnings results on Wednesday, March 12th. The industrial products company reported $0.16 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 company had revenue of $100.94 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AP. Ameriprise Financial Inc. grew its stake in shares of Ampco-Pittsburgh by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock worth $2,266,000 after acquiring an additional 5,020 shares during the period. State Street Corp grew its stake in shares of Ampco-Pittsburgh by 92.7% in the third quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 35,700 shares during the period. Finally, Geode Capital Management LLC grew its stake 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 worth $304,000 after acquiring an additional 42,305 shares during the period. 49.16% of the stock is 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.