Ampco-Pittsburgh (NYSE:AP) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report released on Sunday. The firm issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

Shares of NYSE:AP opened at $1.96 on Friday. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The firm’s 50 day moving average is $2.05 and its two-hundred day moving average is $2.05. The firm has a market capitalization of $39.39 million, a P/E ratio of -0.87 and a beta of 0.99. 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 EPS for the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%. The firm had revenue of $100.94 million for the quarter.

Hedge Funds Weigh In On Ampco-Pittsburgh

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Ampco-Pittsburgh by 92.7% in the 3rd 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 during the period. Geode Capital Management LLC raised its holdings in Ampco-Pittsburgh by 38.5% during the third 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. lifted 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 purchasing an additional 5,020 shares during the period. 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.