Ampco-Pittsburgh (NYSE:AP) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report issued on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

NYSE:AP opened at $1.80 on Tuesday. The firm has a market capitalization of $36.07 million, a price-to-earnings ratio of -0.79 and a beta of 1.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The business has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $2.03. Ampco-Pittsburgh has a 1 year low of $0.74 and a 1 year high of $2.79.

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

Institutional Trading of Ampco-Pittsburgh

Large investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Ampco-Pittsburgh by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock worth $2,266,000 after buying an additional 5,020 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 during the period. Finally, State Street Corp boosted its holdings 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 valued at $148,000 after acquiring an additional 35,700 shares during 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.