Ampco-Pittsburgh (NYSE:AP) Upgraded at Wall Street Zen

Ampco-Pittsburgh (NYSE:AP) was upgraded by equities researchers at Wall Street Zen to a “buy” rating in a research note issued on Saturday.

Ampco-Pittsburgh Price Performance

Shares of AP stock opened at $2.92 on Friday. Ampco-Pittsburgh has a 12-month low of $0.74 and a 12-month high of $3.99. The firm has a fifty day moving average of $2.85 and a 200-day moving average of $2.39. The firm has a market capitalization of $58.66 million, a price-to-earnings ratio of 13.27 and a beta of 0.85. The company has a quick ratio of 0.92, a current ratio of 1.86 and a debt-to-equity ratio of 1.48.

Ampco-Pittsburgh (NYSE:AP) last issued its quarterly earnings data on Monday, May 12th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $104.27 million during the quarter. Ampco-Pittsburgh had a net margin of 1.04% and a return on equity of 5.89%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ampco-Pittsburgh stock. Bailard Inc. bought a new position in shares of Ampco-Pittsburgh Corporation (NYSE:AP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,500 shares of the industrial products company’s stock, valued at approximately $27,000. Bailard Inc. owned 0.06% of Ampco-Pittsburgh at the end of the most recent quarter. 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.