Ampco-Pittsburgh (NYSE:AP) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:APGet Rating) in a research report report published on Saturday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Down 0.6 %

AP stock opened at $4.05 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.67 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $78.57 million, a PE ratio of -6.43 and a beta of 0.97. Ampco-Pittsburgh has a twelve month low of $3.06 and a twelve month high of $6.67. The stock has a 50-day simple moving average of $4.16 and a two-hundred day simple moving average of $4.85.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AP. State Street Corp boosted its position in shares of Ampco-Pittsburgh by 6.1% during the 1st quarter. State Street Corp now owns 38,516 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 2,209 shares during the last quarter. James Investment Research Inc. boosted its position in shares of Ampco-Pittsburgh by 15.7% during the 2nd quarter. James Investment Research Inc. now owns 22,146 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 3,000 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Ampco-Pittsburgh by 15.7% during the 2nd quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 3,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ampco-Pittsburgh by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 660,448 shares of the industrial products company’s stock worth $4,167,000 after buying an additional 13,025 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its stake in Ampco-Pittsburgh by 7.1% in the first quarter. Hunter Associates Investment Management LLC now owns 225,000 shares of the industrial products company’s stock worth $1,420,000 after buying an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 45.87% of the company’s stock.

About Ampco-Pittsburgh

(Get Rating)

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. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries.

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