StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a report published on Wednesday morning. The firm issued a hold rating on the industrial products company’s stock.
Ampco-Pittsburgh Price Performance
NYSE AP opened at $2.02 on Wednesday. Ampco-Pittsburgh has a 1 year low of $0.74 and a 1 year high of $2.89. The company has a fifty day simple moving average of $1.87 and a 200 day simple moving average of $1.60. 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 company has a market cap of $40.58 million, a P/E ratio of -0.89 and a beta of 0.86.
Hedge Funds Weigh In On Ampco-Pittsburgh
Several large investors have recently made changes to their positions in AP. Renaissance Technologies LLC increased its position in Ampco-Pittsburgh by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after buying an additional 62,593 shares during the period. State Street Corp grew its stake in shares of 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 during the last quarter. Finally, Geode Capital Management LLC increased its position 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 acquiring an additional 42,305 shares during the period. Institutional investors and hedge funds 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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