StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a research note published on Monday morning. The firm issued a hold rating on the industrial products company’s stock.
Ampco-Pittsburgh Trading Down 0.5 %
Shares of Ampco-Pittsburgh stock opened at $2.07 on Monday. The firm has a market cap of $41.59 million, a price-to-earnings ratio of -0.92 and a beta of 0.96. Ampco-Pittsburgh has a twelve month low of $0.74 and a twelve month high of $2.79. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $2.26 and a 200-day moving average price of $2.04.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its position 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 worth $148,000 after acquiring an additional 35,700 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $304,000 after acquiring an additional 42,305 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in 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 in the last quarter. Hedge funds and other institutional investors 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.
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