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 issued on Monday morning. The firm issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Down 4.8 %

Shares of NYSE:AP opened at $1.88 on Monday. The business’s 50 day simple moving average is $2.02 and its two-hundred day simple moving average is $2.06. The firm has a market cap of $37.86 million, a P/E ratio of -0.83 and a beta of 0.99. 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 52-week low of $0.74 and a 52-week high of $2.79.

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

Hedge Funds Weigh In On Ampco-Pittsburgh

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in Ampco-Pittsburgh by 0.5% during the fourth 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 raised its stake in 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 purchasing an additional 42,305 shares in the last quarter. Finally, State Street Corp raised its stake in Ampco-Pittsburgh by 92.7% in 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 in the last quarter. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Company Profile

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.