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

Investment analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a note issued to investors on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

AP stock opened at $2.00 on Friday. The firm has a market cap of $40.08 million, a price-to-earnings ratio of -0.88 and a beta of 0.96. The company has a quick ratio of 0.98, a current ratio of 1.99 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. The company’s fifty day simple moving average is $2.25 and its 200 day simple moving average is $2.01.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Ampco-Pittsburgh by 92.7% during the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 35,700 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ampco-Pittsburgh by 38.5% during the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 42,305 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Ampco-Pittsburgh by 0.5% during 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 in the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.

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.